Listing Agency: Poe & Cronk Real Estate t***@poecronk.com Show Phone

Listed By: Jim Bolling · License #VA 0225025443

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:19AM

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Investment Insights

Based on property information with market context.

This commercial land offering comprises property held by two separate owners. The transaction is structured around separate contracts, with 1031 exchange language required in both agreements.

The property is subject to a right of first refusal from a previous motel owner, providing a 30-day period to accept or reject an offer. Motel use is not permitted.

Key Highlights

• Commercial land at 200 Wildwood Rd, Salem, VA 24153
• Property is held by 2 separate owners
• Separate contracts are required for the ownership interests

Property Analytics

Property Profile

Current Use

1031 exchange properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Auto Parts Store Barber Shop Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362

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

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Frequently Asked Questions

What type of property is this?

Land - Land offering with two separate ownership interests and transaction requirements involving a right of first refusal.

Where is this land located?

The property is located at 200 Wildwood Rd Salem, VA.

What are key features of this property?

This property features: Commercial land at 200 Wildwood Rd, Salem, VA 24153; Property is held by 2 separate owners; Separate contracts are required for the ownership interests