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
General Property Description
Construction Status: Completed
Total Acreage: 1.01
Flood Area: No
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 93
Water Class: N/A
Gross Building SqFt: 6376
Lease Available: Yes
Leaseable SqFt: 6376
Year Built: 1997
Total Bths: 2
Location, Tax & Legal
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
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
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: 1
Construction
Stucco: 1
Commercial Type
Investment: 1
Business Type
Type of Business (Historical Field): Restaurant
Sale Includes
Building & Land: 1
Heating
Electric: 1
Miscellaneous Info
Inventory Included: No
Cooling
Heat Pump: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Natural Gas: 1
Roof System
Other - See Remarks: 1
Levels
One: 1
Floors
Carpet: 1
Tile: 1
Topography
Level: 1
Contract Information
Current Price: $2,190,000
Sold Price: $2,190,000
List Date: 2025-02-11
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-03-15
Sold Date: 2025-06-23
Sold Price: $2,190,000
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
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.