For Sale
$649,000

1005 Main StSalem, VA 24153

Six-unit office building, 4,910 sq ft, great location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-story, 4,910-square-foot office building located at 1005 E Main St, Salem, VA 24153. The property, identified by APN 0633-45-407037, is classified as a Class B building constructed in 1985 and sits on a 0.612-acre lot. The building features six individual units, suitable for a variety of office uses including executive, medical, and traditional office spaces. The flexible floor plan allows for adaptability to various tenant needs. The asking price is $649,000, translating to $132.18 per square foot. Fifteen on-site parking spaces are available for tenants and clients, with an additional lot providing ample space for storage or extra parking. The property benefits from prominent pylon signage and is zoned HBD, offering significant potential for future development or expansion. This property presents a compelling opportunity for both investors seeking a strong return and owner-occupants looking to establish a thriving business in a prime Salem location. The building's history includes a single tenant who expanded to occupy the entire building over 15 years, demonstrating the property's adaptability and potential for growth.

Highlights

  • Investor and/or owner-occupant opportunity.
  • Extra lot for storage and/or additional parking.
  • Prominent pylon signage.
  • HBD zoning.

Property Details for 1005 Main St

Property type
Office properties, Medical offices
Square Feet
4,910 SF
Class
B
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
26,659 SF
Units
6

Location Insight

City
Salem
County
Roanoke
State
Virginia
Latitude
37.2960757
Longitude
-80.0417226
1005 Main St, Salem, Virginia

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1005 Main St
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