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2302 Melrose Ave NW
Roanoke, VA 24017 Loudon-Melrose

$7.00 USD/SF/YR

Flex For Lease • 825+ SF

Property Details

Property Type Flex
Year Built 1937
Total Building Size 4,800 SF
Zoning CN

40 Transit Score

50 Walk Score

1 Space Available

Name

Space Use

Size

Rent

Details

1st Floor Ste

Flex

825-4,800 SF

$7.00 USD/SF/YR

4,762 total square feet across 4 adaptable unit configurations
Three ~825 SF units and one ~2,200 SF unit
Separated by structural brick firewalls for sound control and privacy
Private restroom located within each individual unit
Dedicated heating source per unit
CN Zoning allowing for office, retail, workshop, studio, restaurant, or community service uses
100 feet of direct street frontage along Melrose Ave NW
RFP deadline for proposals: September 18th, 2026

Date available: Sep 2026
Lease term: Negotiable
Service type: To Be Determined
Space Type: Relet

Description

Located in Northwest Roanoke, the historic Melrose Hardware building presents a versatile commercial lease opportunity for businesses and organizations seeking character, convenience, and customizable space. Situated on a 0.321-acre corner lot at Melrose Ave NW and 23rd St, this iconic single-story property offers prime neighborhood visibility and flexible layout options tailored to support active, community-oriented operators, creative enterprises, and professional services.

The interior structure is divided by solid brick firewalls into four distinct units, including three individual units of approximately 825 square feet each and one larger unit of approximately 2,200 square feet. Units can be leased individually or combined to accommodate footprints ranging from 825 SF up to 4,800 SF. Each space is equipped with its own private restroom and dedicated heating source. Ownership is accepting proposals through September 18th, offering an attractive base rent of $7.00/SF with flexibility on tenant build-out allowances and custom lease terms.

                
                    Highlights
                
                                4,762 total square feet across 4 adaptable unit configurations
                            
                                Land Value: $47,400.00 | Improvement Value: $109,500.00 | Total Value: $156,900.00
                            
                                Three ~825 SF units and one ~2,200 SF unit