1710 Electric RdSalem, VA 24153

Property Details for 1710 Electric Rd

Lot size

5.98 AC

Zone code

RSF

Property type

Commercial land

APN

258-3-9

APU

25839

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $32,700,696

  Hospitality

  $29,953,662

  Educational

  $24,921,094

  Medical

  $25,778,170

  Retail

  $38,766,148

Location Insight

City

Salem

County

Salem

State

Virginia

Latitude

37.2693

Longitude

-80.036

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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