404 Main StSalem, VA 24153

This freestanding retail property, located at 404 W Main St in Salem, VA 24153, presents a compelling investment opportunity. The 2,466 square foot building, constructed in 1964, sits on a 0.68-acre lot at a signalized corner location, boasting high daily vehicle counts and ample parking. Currently featuring two units, both with leases in place until December 2026, this property offers immediate cash flow. Its prime location in Salem's main thoroughfare provides excellent visibility and accessibility, with proximity to Roanoke College and convenient access to Interstate I-81. The zoning is currently TBD. The asking price for this single-story building is $1,100,000. This property is ideal for investors seeking a stable, income-generating asset in a desirable location with significant growth potential. The high traffic count and strategic location make this an attractive opportunity for long-term investment and potential future development. The existing leases provide immediate return, while the TBD zoning allows for flexibility in future planning.