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
- Major Area
- 01 - City of Roanoke
- Subdivision Map
- Valley View
- Legal
- T S Gulick Real Estate LLC
- Tax ID
- 249-0121
- Annual Taxes
- 24000
- Zoning Code
- MXPUD
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
Remarks & Misc
- Directions
- Located at Valley View Mall, Roanoke on Valley View Blvd beside Ashley Furniture Store. Hampton Inn & Suites is directly across the road.
Limited Service
- Not Limited Service
- Yes
Construction
- Stucco
- Yes
Commercial Type
- Investment
- Yes
Sale Includes
- Building & Land
- Yes
Heating
- Electric
- Yes
Cooling
- Heat Pump
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Natural Gas
- Yes
Roof System
- Other - See Remarks
- Yes
Levels
- One
- Yes
Floors
- Carpet
- Yes
- Tile
- Yes
Topography
- Level
- Yes
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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