For Sale
$1,500,000

2306 Riverside Dr West Riverside Dr Salem, VA 24153

17 Acres, Profitable Nursery, Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
135
Exceptional investment opportunity in Salem, Virginia! This 17.19-acre property, encompassing the established Riverside Nursery, presents a unique blend of existing business and significant development potential. The nursery itself boasts over 47,000 square feet of greenhouse space and a 30-year history of profitability, producing high-quality plants for diverse uses. The property's R-1 zoning, coupled with its prime riverside location on the Roanoke River with private access and its residential surroundings, suggests opportunities for increased density. The existing infrastructure includes two large wells, one underground pipe drawing from the Roanoke River, and two septic systems. Adding to the property's appeal is a small, two-bedroom, one-bathroom house, ideal for on-site management or worker housing. The property's APN numbers are 0612-88-3978-41 and 0612-89-4428-61. This landmark Salem business offers a solid foundation for expansion or redevelopment. Detailed business information and private showings are available upon execution of a Non-Disclosure Agreement and verification of funds from a reputable financial institution. Asking price: $1,500,000.

Highlights

  • Highly profitable agri-business on ~17 acres of R-1 zoned land, surrounded by residential development.
  • On-site two-bedroom house.
  • Abundant water resources: two wells and a Roanoke River water feed via underground pipe, plus two septic systems.

Property Details for 2306 Riverside Dr West Riverside Dr

Property type
Land
Lot Size (sq. ft)
748,796 SF

Location Insight

City
Salem
County
Roanoke
State
Virginia
Latitude
37.279996852354
Longitude
-80.096583274286

FAQs

What type of property is this?
Land - 17 Acres, Profitable Nursery, Development Potential
Where is the land located?
The property is located at 2306 Riverside Dr West Riverside Dr Salem, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Highly profitable agri-business on ~17 acres of R-1 zoned land, surrounded by residential development.; On-site two-bedroom house.; Abundant water resources: two wells and a Roanoke River water feed via underground pipe, plus two septic systems.
How can I contact the broker?
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2306 Riverside Dr West Riverside Dr
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