Corner Lot Office Building with
For Sale
$275,000
1403 S Colorado St, Salem, VA 24153
Classic brick office building with a lobby, multiple private offices, and dedicated parking on a corner lot.
Property SizeContact for details
Days on Market90
Property Features for 1403 S Colorado St
General Information
Standard status
Active
Total Parking Spaces
5
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,289
Listing Agency:
BARKER REALTY CO
(540) 389-1100
Listed By:
EGON M HOFMANN · License #0225170977
(540) 314-1627
Source:
Exprealty
Added: Jun 8
Changed: Aug 20
Last Checked: Sep 4 at 10:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BARKER REALTY CO
Investment Insights
Based on property information with market context.
This Salem commercial office property is a classic brick building on a corner lot with commercial zoning and a move-in-ready interior layout. The main level includes a lobby/reception area with built-in bookshelves, two private offices, a kitchen area, and a restroom. An upper attic space is carpeted and includes a window A/C unit, providing storage or additional administrative space. Recent improvements include a new architectural shingle roof in 2024 and updated gas heat/central air in 2021, with some replacement windows noted. The sale includes custom-built furniture in the front office.
The exterior offers a fenced lot, a detached garage, and parking for five vehicles. The property is positioned near the Roanoke River and Roanoke River Greenway, providing a convenient setting for professional use.
The property is offered for sale in AS IS condition, with inspections for informational purposes and no repairs to be made by the seller.
The exterior offers a fenced lot, a detached garage, and parking for five vehicles. The property is positioned near the Roanoke River and Roanoke River Greenway, providing a convenient setting for professional use.
The property is offered for sale in AS IS condition, with inspections for informational purposes and no repairs to be made by the seller.
Key Highlights
- Corner commercial property facing South Colorado Street with high‑traffic counts and strong street exposure
- Zoned for commercial use; previously utilized as a law office and suited for professional services
- Main level includes Heart Pine floors, lobby/reception with built‑in bookshelves, two private offices, a kitchen area, and a restroom
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 24153, VA
38,728
Population
16,387
Households
2.4
Avg Household Size
44
Median Age
30%
College-Educated
94%
High-School Grad
101.2 sq mi
ZIP Area
383
Density / Sq Mi
$72,691
Median Household Income
$39,851
Median Earnings
$1,058
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Classic brick office building with a lobby, multiple private offices, and dedicated parking on a corner lot.
Where is this office units located?
The property is located at 1403 S Colorado St Salem, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Corner commercial property facing South Colorado Street with high‑traffic counts and strong street exposure; Zoned for commercial use; previously utilized as a law office and suited for professional services; Main level includes Heart Pine floors, lobby/reception with built‑in bookshelves, two private offices, a kitchen area, and a restroom
