1501 Roanoke BlvdSalem, VA 24153

  • Industrial properties
  • 720,088 SF
For Lease
$4.75/SF/YR View listing

Property Details for 1501 Roanoke Blvd

Year built
1956
Lot size
40.32 AC
Property size (Sq ft)
720,088 SF
Zone code
HM
Property type
Industrial properties
Property subtype
Other industrial properties
APN
189-2-1
APU
18921

Description

This exceptional Class A industrial warehouse, located at 1501 Roanoke Blvd in Salem, Virginia (zip code 24153), offers 414,000 square feet of versatile space available for lease. The property sits on a substantial 40.32 acres and features a single, two-story building constructed in 1955. The warehouse boasts impressive ceiling heights ranging from a minimum of 7 feet to a maximum of 50 feet, with a column spacing of 50 feet by 30 feet. Loading capabilities include 3 west docks, 4 shipping docks, and 2 receiving docks. Ample parking is provided with 863 rear spaces and 402 front spaces, totaling 1265 parking spaces. The property includes 2 x 7.5MVA power and is zoned HM. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 414,000 square feet. The property benefits from 22 overhead cranes and 24/7 security. The APN is 189-2-1. This is a multi-tenant property offering a unique opportunity for businesses seeking significant warehouse space in a prime location. The property's size, features, and location make it an ideal choice for a variety of industrial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $90,427,024
    Hospitality
    $82,830,672
    Educational
    $68,914,144
    Medical
    $71,284,208
    Retail
    $107,199,784
1501 Roanoke Blvd, Salem, Virginia

Location Insight

City
Salem
County
Salem
State
Virginia
Latitude
37.2808
Longitude
-80.0315
CBSA code
40220
CBSA name
ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$126,016
$2,195,400
$8,305,900
$10,501,300
-
$2,195,400
$8,305,900
$10,501,300

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