Commercial Development
For Sale
$949,000
167-199 Sheraton DR, Salem, VA 24153
The four-parcel assemblage totals 5.41 acres and includes a concept plan for a three-building layout.
Property SizeContact for details
Days on Market62
Property Features for 167-199 Sheraton DR
General Information
Standard status
Active
Property subtype
Unimproved Lot
Taxes and HOA fees
Annual Taxes
$6,474
Listing Agency:
MKB, REALTORS
Listed By:
Nick Patel
(774) 365-8597
Source:
Westlandsells
Added: Sep 2
Changed: Nov 1
Last Checked: Nov 1 at 3:27PM
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 MKB, REALTORS
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Investment Insights
Based on property information with market context.
Four commercial land parcels combine for 5.41 acres around an established hotel. A concept plan outlines three buildings totaling 28,750 square feet, along with parking and internal circulation.
The property is near I-81 Exit 141 in Salem, Virginia. The concept plan is available and includes approvals.
The property is near I-81 Exit 141 in Salem, Virginia. The concept plan is available and includes approvals.
Key Highlights
- Four parcels totaling 5.41 acres
- Concept plan depicts three buildings totaling 28,750 square feet
- Near I‑81 at Exit 141
Property Analytics
Location Intelligence
Trade Area within ½ mile
80
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
Frequently Asked Questions
What type of property is this?
Commercial land - The four-parcel assemblage totals 5.41 acres and includes a concept plan for a three-building layout.
Where is this commercial land located?
The property is located at 167-199 Sheraton DR Salem, VA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four parcels totaling 5.41 acres; Concept plan depicts three buildings totaling 28,750 square feet; Near I‑81 at Exit 141
