1121 Main StSalem, VA 24153

Property Details for 1121 Main St

Year built

1950

Lot size

1.24 AC

Property size (Sq ft)

6,149 SF

Zone code

HBD

Property type

Other commercial real estate

APN

83-3-6

APU

8336

Description

This 1,400 square foot standalone retail building is situated on West Main Street in Salem, Virginia, a high-traffic area boasting over 30,000 vehicles daily. Its prime location benefits from a signalized intersection and proximity to major national retailers such as McDonald's, Chipotle, and Lowe's, ensuring significant visibility and foot traffic. The property offers a single-tenant occupancy, providing flexibility and control for the new owner. Previously occupied by a diverse range of businesses including a spa, flower shop, cake shop, consignment shop, and nail salon, this versatile space is adaptable to a variety of retail concepts. The building's history demonstrates its suitability for various retail uses, showcasing its adaptability and potential for success. The Roanoke, Hollins, Salem submarket cluster provides a strong foundation for business growth, with a well-established customer base and ample opportunities for networking and collaboration. This property presents a unique opportunity for entrepreneurs and established businesses seeking a high-visibility location in a thriving commercial area. The building's size and location make it an ideal space for a variety of retail ventures, offering a blend of convenience and high-traffic exposure.

• Alternative Use

  Use

  Valuation

  Residential

  $772,178

  Hospitality

  $707,310

  Educational

  $588,474

  Medical

  $608,713

  Retail

  $915,404

Location Insight

City

Salem

County

Salem

State

Virginia

Latitude

37.2969

Longitude

-80.0395

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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