Motel with
For Sale
$1,935,000
Pending
2746 W Main ST, Salem, VA 24153
Guest rooms are offered for nightly or weekly stays, alongside workshop and storage space.
Property SizeContact for details
Days on Market166
Property Features for 2746 W Main ST
General Information
Standard status
Pending
Property subtype
COMMERCIAL
Additional Details
Currently Operating
Yes
Property Use
Motel
Taxes and HOA fees
Annual Taxes
$16,871
Building Details
Year Built
1940
Listing Agency:
BARKER REALTY CO
Listed By:
DORIS S SMITH
(540) 389-1100
Source:
Westlandsells
Added: May 22
Changed: Nov 2
Last Checked: Nov 3 at 8:59AM
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
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Investment Insights
Based on property information with market context.
This motel property contains 40 rooms, including 8 original rooms built in 1940 and 32 units added in 2010. The site also includes three workshops and 22 storage units. One workshop has an office and bathroom; the other two are plumbed. Automatic garage door openers serve the workshops, which draw water from a separate private well. Exterior lighting operates with photocells.
Rooms are rented on nightly or weekly terms, providing two stay-length options within the existing operation.
Rooms are rented on nightly or weekly terms, providing two stay-length options within the existing operation.
Key Highlights
- 40 motel rooms: 8 original rooms built in 1940 and 32 units added in 2010
- Three workshops, including one with an office and bathroom
- The other two workshops are plumbed and have automatic garage door openers
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Well-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Green Hill Inn — 2746 W Main St, Salem, VA 24153
- Comfort Suites Salem-Roanoke I-81 — 100 Wildwood Rd, Salem, VA 24153
- Motel 6 Salem, VA — 301 Wildwood Rd, Salem, VA 24153
- Super 8 by Wyndham Salem VA — 300 Wildwood Rd, Salem, VA 24153
- Quality Inn Salem - I-81 — 151 Wildwood Rd, Salem, VA 24153
Frequently Asked Questions
What type of property is this?
Motel - Guest rooms are offered for nightly or weekly stays, alongside workshop and storage space.
Where is this motel located?
The property is located at 2746 W Main ST Salem, VA.
What is the asking price?
The asking price for this property is $1,935,000.
What are key features of this property?
This property features: 40 motel rooms: 8 original rooms built in 1940 and 32 units added in 2010; Three workshops, including one with an office and bathroom; The other two workshops are plumbed and have automatic garage door openers
