For Sale
$575,000

1406 Colorado StSalem, VA 24153

Vacant, renovated drive-thru building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2,187 square foot retail property, located at 1406 S Colorado St in Salem, Virginia (zip code 24153), presents a unique investment opportunity. The building, constructed in 1981 and extensively renovated in 2021, boasts a desirable drive-thru feature, making it ideally suited for a variety of uses including a bank, convenience store, or quick-service restaurant (QSR). The single-story structure offers 1,794 square feet of space, with a total net rentable area of 2,187 square feet. The asking price is $575,000, translating to a price per square foot of $320.51. The property is currently vacant and is offered under a triple-net (NNN) lease structure. Its prime location in Salem, VA, coupled with its modern amenities and versatile design, ensures strong potential for future income generation. The beautifully maintained brick exterior adds to its curb appeal and overall attractiveness. This is a rare opportunity to acquire a well-maintained, renovated commercial property with a drive-thru in a thriving Virginia market. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Highlights

  • $575,000 asking price for a 1,794 SF retail building.
  • NNN lease, currently vacant.
  • Located at 1406 S Colorado St, Salem, VA 24153.
  • Building features 2,187 square feet of net rentable space.
  • Built in 1981, renovated in 2021, one-story building with a drive-thru.
  • Suitable for bank, convenience store, QSR, or other retail uses.

Property Details for 1406 Colorado St

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,794 SF
Year Built/Renovated
1981/2021
Stories
1

Location Insight

City
Salem
County
Roanoke
State
Virginia
Latitude
37.275922
Longitude
-80.0537324
1406 Colorado St, Salem, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1406 Colorado St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message