Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1622 E Main St Salem, VA 24153

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    Hard corner in Salem's I-81 district south.

    Property size:
    1,104 SF
    Lot size:
    1.76 Acres

    Property Features for 1622 E Main St

    General Information

    Size
    1,104 SF
    Lot size
    1.76 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Wyatt Poats

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

    Overview

    Redevelopment Opportunity in Salem

    This property, situated at a hard corner with a signalized intersection, offers a redevelopment opportunity in the city of Salem’s Interstate 81 district south. The property has multiple access points. The property size is 1104 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Similar Places Nearby

    Kroger Floral Department

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0263435
    Latitude
    37.2980565

    Nearby Similar for Sale

    • $1,449,000
      31.37 Acres

      Mountaintop Property with Private Lake

      Secluded 31.37-acre property with lake, shop, and development potential.
      5841 Twine Hollow Rd, Salem, VA 24153
      View Details
    • $325,000
      0.52 Acres

      Cash-Flow Duplex in Orchard Court

      Income-generating duplex in a sought-after neighborhood with long-term tenants.
      1626 E Riverside Dr, Salem, VA 24153
      View Details
    • $318,500
      3,552 SF

      Retail and Residential Investment Opportunity

      3,552 SF building with retail and residential tenants.
      2263 Catawba Valley Dr, Salem, VA 24153
      View Details
    • $1,295,000
      9,200 SF

      Industrial Property with Two Buildings

      Two industrial buildings totaling 9,200 SF on 1.4 acres.
      3718 Garman Rd, Salem, VA 24153
      View Details
    • $1,425,000
      7,416 SF

      Multi-Tenant Office Building For Sale

      7,500 SF multi-tenant office building on 1.44 acres.
      1618 W Main St, Salem, VA 24153
      View Details
    • $1,595,000
      7,980 SF

      Restaurant/Retail Building on Corner Lot

      7,980 SF building on 1.26 acres, prime corner location.
      201 Electric Rd, Salem, VA 24153
      View Details

    FAQs

    What type of property is this?
    Storefront property - Hard corner in Salem's I-81 district south.
    Where is this storefront property located?
    The property is located at 1622 E Main St Salem, VA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Hard corner signalized intersection for maximum exposure.; - Multiple access points offer convenience for customers and deliveries.; - Redevelopment opportunity to create a tailored space.
    (434) 841-0812
    Request Owner's contact information
    1622 E Main St Salem, VA 24153
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1622 E Main St
    Salem, VA 24153
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1622 E Main St Salem, VA 24153
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.