Roanoke, VA Strip malls for Rent & Lease

Updated: Mar 26

Retail Strip Center For Lease

631 Peters Creek Rd NW, Roanoke, VA 24017

$12 SF/Yr

Long‑term, strong tenants in place.
High‑traffic location at the intersection of Shenandoah Avenue and Peters Creek Road.
Food Lion anchors the adjacent parcel.
Plentiful parking available.
Good signage along Peters Creek Road.

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Updated: Apr 2, 2024

Retail Space in Roanoke

4208-4210 Franklin Rd, Roanoke, VA

Contact for pricing

3,685 sqft 15.57 AC lot

Anchored by Kohl's, the only one in Roanoke.
High visibility on Franklin Rd/Hwy 220 with 33,000+ vehicles daily.
Strong lineup of national retailers including PetSmart, Dollar Tree, Cato & Sally Beauty Supply.
Direct access to I‑581.
Close proximity to Tanglewood Mall.

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Retail Space in High-Traffic Area

631-635 Peters Creek Rd NW, Roanoke, VA

Modified gross

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1,750 sqft

Retail space with high visibility and strong residential base.

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3 active listings match your search: Strip Mall for lease in Roanoke, VA. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 spaces in nearby cities and 1 property for sale.

Strip malls for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Strip Mall Space with High Ceilings

221 Electric Road, Salem, VA 24153

$16 SF/Yr

Multi-tenant 1,650 sqft

Highway access

Retail units offer private restrooms, parking, and signage opportunities.

High ceilings In-unit restroom Ample parking Great exposure

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Retail Space in Salem Center

1477-1486 W Main St, Salem, VA

Contact for pricing

3,791 sqft

Retail space available in grocer-anchored shopping center.

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Retail Space in Food Lion Center

2411 W Beverley St, Staunton, VA

Contact for pricing

8,922 sqft

Sublease opportunity in a well-located, high-traffic shopping center.

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Retail Space in Staunton Center

2411 West Beverly St, Staunton, VA 24401

Contact for pricing

Sublease opportunity in Food Lion anchored shopping center.

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Similar Spaces for Sale in Roanoke, VA

Consider Similar Space for Sale. We found 1 Spaces matching your search parameters.

Three-Building Retail Center

3100 Peters Creek Rd, Roanoke, VA 24019

$1,650,000

1.56 AC lot

Multi-unit commercial property with public utilities, C2S zoning, and a mix of brick, wood siding, and block construction.

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Roanoke, VA Strip malls Lease Rates & Market Statistics

Browse 3 Strip malls for lease in Roanoke, VA on Realmo, a commercial real estate marketplace serving the Roanoke area. The current inventory totals 5,435 square feet of properties.

Strip malls lease rates in Roanoke range from $12 SF/Yr at the entry level to $12 SF/Yr at the top of the market, averaging $12 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $12 SF/Yr is 10% below the Virginia state average of $13.33 SF/Yr.

Strip malls are one of the more limited space types in Roanoke, with just 3 listings currently available — a scarcity worth factoring into lease negotiations. Tenants comparing options may also consider Shopping centers (12 listings) and Storefront properties (7 listings) elsewhere in the Roanoke market.

Featured Roanoke Real Estate Agencies

Realmo connects you with licensed Roanoke CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

MKB, REALTORS

3801 Electric Rd Roanoke, VA

Phone: (540) 989-4555

RE/MAX All Points

5115 Bernard Drive, Suite 110 Roanoke, VA 24018

Phone: (540) 772-9500

www.allpoints0450329.remaxagent.com

Roanoke MC LLC

3060 Electric Rd Roanoke, VA 24018

Phone: (540) 208-6102