3114 Main StSalem, VA 24153

Property Details for 3114 Main St

Lot size

9.70 AC

Property type

Industrial properties

Property subtype

Other land

Description

This exceptional 9.699-acre industrial land parcel presents a compelling investment opportunity in Salem, Virginia. Located at 3114 W Main St (US Route 460), this property boasts I-2 (Heavy Industrial) zoning, providing significant development flexibility. Its strategic location in Roanoke County offers unparalleled access to Interstate 81, with four-lane access within 1.5 miles of two interchanges (exits 137 and 132). The high daily traffic count of over 17,000 vehicles ensures excellent visibility and accessibility. Situated near major businesses including US Foods, Medeco, Kroger, Lowe's distribution centers, and Mack Trucks, this site benefits from established infrastructure and a thriving commercial environment. The property is less than 30 miles from Blacksburg, VA. With a current market vacancy rate of approximately 2.8% in the combined Roanoke and Blacksburg industrial markets, this site represents a rare opportunity to capitalize on significant unmet demand for industrial flex development. The potential exists to develop multiple structures on this sizable lot, making it ideal for a variety of industrial uses. The asking price is $1,475,000.

Location Insight

City

Salem

County

Roanoke

State

Virginia

Latitude

37.2796

Longitude

-80.1123

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