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    19 Salem Ave SE | Roanoke Roanoke, VA 24011

    For Sale
    $779,000

    Renovated 4,000 SF property in Roanoke's historic market district.

    Property size:
    4,000 SF

    Property Features for 19 Salem Ave SE | Roanoke

    General Information

    Size
    4,000 SF

    Building Details

    Year built
    1904

    Source: Roger Jackson Agent Roger Jackson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Roanoke Retail/Restaurant Opportunity

    Located in the heart of Roanoke's historic market district, this renovated 4,000 SF property presents an exceptional opportunity. Originally constructed in 1904 and thoughtfully restored in 2010, the versatile building is ideally suited for a retail or restaurant investor. The property, zoned D, offers considerable potential for realizing a unique vision in a thriving area. Its historic charm is complemented by modern amenities, providing a captivating setting for establishing an iconic retail space or a sought-after dining establishment in Roanoke's vibrant downtown core. The property is available for immediate occupancy. The surrounding streets feature a diverse mix of charming storefronts, trendy boutiques, and popular dining establishments, creating an ideal location for retail or restaurant investment. The historic Roanoke City Market, the Taubman Museum of Art, and Mill Mountain Park are nearby, drawing a steady stream of foot traffic and creating a prime opportunity for a successful retail or dining venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premium Parking - P7419 Parking Lot Yummi Jamaica Restaurant Knapsack Lot Parking Lot

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9396108
    Latitude
    37.2723555

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    FAQs

    What type of property is this?
    Retail space - Renovated 4,000 SF property in Roanoke's historic market district.
    Where is this retail space located?
    The property is located at 19 Salem Ave SE | Roanoke Roanoke, VA.
    What is the asking price?
    The asking price for this property is $779,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Roanoke's historic market district, ensuring high visibility and foot traffic.; - Versatile 4,000 SF building suitable for retail or restaurant use.; - D zoning designation offering limitless potential for various business ventures.
    (540) 797-8854
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    19 Salem Ave SE | Roanoke Roanoke, VA 24011
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    Roanoke, VA 24011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 Salem Ave SE | Roanoke Roanoke, VA 24011
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