2145 Roanoke BlvdSalem, VA 24153

Property Details for 2145 Roanoke Blvd

Lot size

1.07 AC

Zone code

CBD

Property type

Land

Property subtype

Commercial land

APN

225-3-5

APU

22535

Description

This exceptional 1.07-acre commercial land parcel, situated at 2145 Roanoke Blvd in Salem, Virginia (zip code 24153), presents a unique development opportunity. The property boasts a prime location in a CBD (Central Business District) zoning area, offering significant potential for various commercial ventures. A comprehensive two-story building concept plan, totaling 9,000 square feet, has already received approval from the City of Salem. This pre-approved plan streamlines the development process, saving valuable time and resources. The site is designed to accommodate 54 or more parking spaces, conveniently accessed via two entrances. All essential public utilities, including water and sewer, are readily available on-site with sufficient capacity to support the planned development. Adding to the property's appeal is an existing Lamar billboard, offering additional income potential. The property's corner lot location provides excellent visibility and accessibility, further enhancing its commercial viability. This is a rare opportunity to acquire a fully-permitted site in a thriving area, ready for immediate development. Interested parties should note the property's convenient proximity to the Virginia Medical Center.

• Alternative Use

  Use

  Valuation

  Residential

  $5,858,578

  Hospitality

  $5,366,426

  Educational

  $4,464,804

  Medical

  $4,618,356

  Retail

  $6,945,250

Location Insight

City

Salem

County

Salem

State

Virginia

Latitude

37.2783

Longitude

-80.0164

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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