For Sale
$1,600,000

1710 Electric RdSalem, VA 24153

5.9 Acres, High Visibility, Main Road

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5.9-acre commercial lot presents a rare opportunity in Salem, Virginia. Located at 1710 Electric Rd, zip code 24153, this flat, highly visible parcel boasts significant road frontage on a busy thoroughfare. Its central location within the Roanoke Valley offers unparalleled accessibility to Cave Spring, Salem, and southwest Roanoke, placing it within a half-mile radius of LewisGale Hospital and numerous national retailers. The property's flat topography is a significant advantage, as large, constructible lots of this nature are uncommon in the hilly Roanoke Valley. This translates to reduced development costs and simplified construction. The high traffic count and proximity to affluent neighborhoods ensure strong potential for a variety of commercial ventures. The asking price for this remarkable property is $1,600,000. This is a truly exceptional opportunity to acquire a prime commercial site in a thriving market. The property's strategic location and desirable characteristics make it an ideal investment for developers and businesses seeking high visibility and convenient access to a substantial customer base. Don't miss this chance to secure a piece of prime commercial real estate in the heart of the Roanoke Valley.

Highlights

  • 5.9-acre commercial lot in Salem, VA (24153) at 1710 Electric Rd.
  • High visibility, flat lot with significant road frontage on a busy thoroughfare.
  • Excellent location in Roanoke Valley, near LewisGale Hospital and major retailers; easy access to Cave Spring and southwest Roanoke.
  • Reduced development costs due to flat topography; rare find in the hilly Roanoke Valley.
  • $1,600,000 asking price.

Property Details for 1710 Electric Rd

Property type
Land

Location Insight

City
Salem
County
Roanoke
State
Virginia
Latitude
37.2693371
Longitude
-80.0360057
1710 Electric Rd, Salem, Virginia

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1710 Electric Rd
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