Income-Producing / Specialty Commercial
Commercial Property on Melrose Avenue Corridor
4418 Melrose Ave NW, Roanoke, VA 24017
Financial Summary
All financial figures are estimates based on current market data and are not guaranteed. Contact us for verified financials.
About This Property
Well-positioned commercial property at the high-traffic intersection of Melrose Avenue and Peters Creek Road in northwest Roanoke.
This 5,771 SF building sits on a 0.75-acre lot with strong road visibility and easy access from two major corridors. Currently leased to a national financial services tenant, the property delivers steady monthly income with minimal management overhead. Located across from Advanced Auto Parts in an active retail corridor with consistent traffic counts.
Location
Northwest Roanoke commercial corridor along Melrose Avenue at the Peters Creek Road intersection, surrounded by established retail and service businesses
Nearby
Investment Perspective
Nationally branded tenant provides reliable income with low turnover risk. Corner lot at a signalized intersection offers maximum visibility and accessibility. The 0.75-acre parcel is one of the larger commercial lots on the corridor, providing future redevelopment flexibility. Low acquisition cost per square foot supports strong cash-on-cash returns.
Property Highlights
4418 Melrose Ave NW, Roanoke, VA 24017
Asset Details
- Status
- Income-Producing
- Type
- Specialty Commercial
- Building
- 5,771 SF
- Lot
- 0.75 acres
- Built
- 1950
- Category
- Commercial
- Monthly Rent
- $4,000
- Occupancy
- 100%
Figures are estimates only.