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
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.
More Information MLS# 914261
Contract Information
Current Price: $2,190,000
Sold Price: $2,190,000
List Date: 2025-02-11
Status: Closed
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
Location Legal Taxes
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
Status Change Info
Ratified Contract Dt: 2025-03-15
Sold Date: 2025-06-23
Sold Price: $2,190,000
Business Type
Type of Business (Historical Field): Restaurant
Miscellaneous Info
Inventory Included: No
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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