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.
This industrial property features a total of 5,200 square feet, consisting of a warehouse building and an additional mobile home used as an office. The warehouse includes ample storage space and parking areas for vehicles or equipment. The surrounding area has a mix of commercial and light industrial properties, and the property is accessible via a paved driveway with some space for maneuvering trucks or larger vehicles. The location is suitable for businesses requiring a combination of office and warehouse facilities, with an easy access to nearby roads and infrastructure.
1,836sf building on 0.77ac corner site. Constructed in 2022 and is in excellent condition. Fully equipped restaurant with all equipment and fixtures to convey. Currently operating as an Italian restaurant with very high sales volume. Approved for 94 seats and outdoor patio seating. 2 ADA bathrooms. Property served by public water, sewer, natural gas, and high-speed internet. 400A 3-phase elec. Two 5-ton HVAC units and one 4-ton unit, all gas units with central A/C. Water softener, grease trap, 16' hood, captive air system, tankless gas water heater, 6'x8' walk-in cooler. 23 on-site parking spaces and on-street parking. Corner location with high traffic count in a rapidly growing area. Current owner has a long-standing reputation in the area and will consider allowing the continued use of the restaurant name subject to further conditions. Full equipment list and sales data are available to qualified prospects upon execution of a confidentiality agreement. Virtual tour available.
Strong NN Lease To Major Retailer, With New 5 year Lease in Place And Two 5 Year Renewal Options Remaining. Landlord Only Responsible For Roof & HVAC Over $2,500. The Tenant Reimburses For Taxes And Insurance. Great Location At The Corner Of Williamson Rd, & Oakland BLVD In Roanoke, VA. Currently Offered At A 7% CAP ON Net Income!!!
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange ("IDX") program of the Lynchburg Association of REALTORS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2025 Lynchburg Association of Realtors. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX program of the New River Valley Multiple Listing Service. This IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 New River Valley Multiple Listing Service. All rights reserved.
The median home value in Roanoke, VA is $275,000. This is higher than the county median home value of $187,600. The national median home value is $338,100. The average price of homes sold in Roanoke, VA is $275,000. Approximately 45.77% of Roanoke homes are owned, compared to 42.34% rented, while 11.89% are vacant. Roanoke real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Roanoke real estate agent to arrange a tour today!
Roanoke, Virginia has a population of 99,578. Roanoke is less family-centric than the surrounding county with 19.09% of the households containing married families with children. The county average for households married with children is 19.09%.
The median household income in Roanoke, Virginia is $48,476. The median household income for the surrounding county is $48,476 compared to the national median of $69,021. The median age of people living in Roanoke is 38 years.
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 26.1 degrees. The average rainfall is approximately 41.9 inches per year, with 15.2 inches of snow per year.