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135 Salem Ave SW Roanoke, VA 24011

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For Sale
$1,795,000

10-unit property in prime downtown location with income streams.

Building Details

Year built
1906

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Listing Contact
Stephen Pendergrass, Sior, Ccim
Source: Tcnworldwide

Listing Agent: Stephen Pendergrass, Sior, Ccim

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

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Overview

Downtown Roanoke Mixed-Use Investment

Located in the heart of Downtown Roanoke, 135 W Salem Avenue presents an investment opportunity. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside. Situated on Salem Avenue at the corner of Salem Ave and 2nd Street, the property benefits from a prime downtown location, close to major employers, restaurants, and cultural destinations. The property offers a strong income stream derived from a mix of long-term and short-term tenants. The short-term units experience consistent leasing demand from executive and traveling healthcare professionals.
Location Intelligence

Current Use by Public Records

135 West Salem ... Apartment Building

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Roanoke
County
Salem
State
Virginia
Longitude
-79.9439732
Latitude
37.2725638

FAQs

What type of property is this?
Apartment building - 10-unit property in prime downtown location with income streams.
Where is this apartment building located?
The property is located at 135 Salem Ave SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: - Prime Downtown Location: close to major employers, restaurants, and cultural destinations; - Strong Income Stream: diverse income from long-term and short-term tenants; - Proven Tenant Demand: short-term units consistently leased to executive and traveling healthcare professionals
More about this property
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