5030 Valley View BLVD NW, Roanoke, VA 24012

$2,190,000
Property Type: Commercial Baths: 2 Lot Size (sq. ft.): 43,996 Status: Closed
Current Price: $2,190,000 List Date: 2/11/2025 Last Modified: 6/24/2025

Overview

Description

Red Palace Chinese Restaurant is located in one of the most desirable locations in Roanoke, Valley View Mall. The breathtaking architectural design encompasses various elements that contribute to its overall aesthetic with vibrant colors, intricate pattern, and symbolic motifs that create a culturally rich ambiance. Surrounded by 5 hotels, Valley View Mall, theater, just minutes to Roanoke-Blacksburg Regional Airport and Interstate 581. Currently leased, 200 seats, 6,628 sq. ft., 93 parking spaces, 4 heat pumps, natural gas, public water and sewer, and 2 bathrooms. Perfectly situated on 1.1 acres. Beautiful custom-built bar.

Listing Details MLS# 914261

Location, Tax & Legal

Area
0150 - City of Roanoke - NE
Street Number
5030
Street Name
Valley View
Street Suffix
BLVD
Street Direction Sfx
NW
State/Province
VA
Zip Code
24012
Municipality
City of Roanoke

General Property Description

Construction Status
Completed
Year Built
1997
Total Acreage
1.01
Flood Area
No
On site Parking
Yes
Parking Spaces
93
Gross Building SqFt
6376
Lease Available
Yes
Leaseable SqFt
6376
Basement Y/N
No
Total Bths
2
Water Class
N/A

Status Change Info

Ratified Contract Dt
2025-03-15
Sold Date
2025-06-23

Business Type

Type of Business (Historical Field)
Restaurant

Miscellaneous Info

Inventory Included
No

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Investment Sale Includes: Building & Land Construction: Stucco Roof System: Other - See Remarks Levels: One Heating: Electric Cooling: Heat Pump Floors: Carpet; Tile Manufactured Homes: No HUD Tag Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Natural Gas Topography: Level
Listing Office: RE/MAX LAKEFRONT REALTY INC
Last Updated: June - 24 - 2025
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