Historic Mixed-Use
For Sale
Contact for pricing
231 S Colorado St, Salem, VA 24153
National Register-listed property with an existing fitness studio lease and a neighboring parcel for parking expansion.
Property Size22,687 SF
Lot Size0.92 Acres
Days on Market144
Property Features for 231 S Colorado St
General Information
Standard status
Active
Size
22,687 SF
Lot size
0.92 Acres
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
1916
Buildings
1
Building Size
22,687 SF
Listing Agency:
Cushman & Wakefield Thalhimer - Roanoke, Virginia
(540) 767-3008
Listed By:
Clay Taylor · License #VA 0225202311
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 1:51PM
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 Cushman & Wakefield Thalhimer - Roanoke, Virginia
Investment Insights
Based on property information with market context.
The 22,687-square-foot property is a mixed-use building with 3,689 square feet leased to a local fitness and training studio. It operated as the Peacock-Salem Laundry from 1916 through 2000, providing a documented historic foundation for future planning. The owner will consider leasing proposals from qualified prospects, and the building offers multi-tenant potential.
Located at 231 S Colorado St in Downtown Salem, the property occupies +/- 0.65 acres and includes a neighboring 0.27-acre parcel that can support additional parking capacity. The building is independently listed on the National Register of Historic Places and is identified as a strong candidate for historic tax credits. Full as-built floor plans, elevations, and a land survey are available upon request.
Located at 231 S Colorado St in Downtown Salem, the property occupies +/- 0.65 acres and includes a neighboring 0.27-acre parcel that can support additional parking capacity. The building is independently listed on the National Register of Historic Places and is identified as a strong candidate for historic tax credits. Full as-built floor plans, elevations, and a land survey are available upon request.
Key Highlights
- 22,687‑square‑foot mixed‑use building
- 3,689 square feet leased to a local fitness and training studio
- Main parcel of +/- 0.65 acres plus a neighboring 0.27‑acre parcel
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
994
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - National Register-listed property with an existing fitness studio lease and a neighboring parcel for parking expansion.
Where is this mixed-use property located?
The property is located at 231 S Colorado St Salem, VA.
What are key features of this property?
This property features: 22,687‑square‑foot mixed‑use building; 3,689 square feet leased to a local fitness and training studio; Main parcel of +/- 0.65 acres plus a neighboring 0.27‑acre parcel
