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Warehouse with Office Space
For Sale
$1,395,000

301 Kessler Mill Rd, Salem, VA 24153

Three contiguous LM-zoned parcels include adjoining land for outdoor storage, additional parking, or yard use.

Property SizeContact for details
Days on Market13

Property Features for 301 Kessler Mill Rd

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $8,310
Listing Agency: INVESTORS REAL ESTATE PARTNERS LLC
Listed By: BRYAN ALAN MUSSELWHITE · License #0225190438
Source: Exprealty
Added: Oct 12 Changed: Oct 23 Last Checked: Oct 23 at 4:27PM

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 INVESTORS REAL ESTATE PARTNERS LLC

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Investment Insights

Based on property information with market context.

This 15,360 SF warehouse property in Salem includes 13,405 SF of warehouse space and 1,955 SF of office area. Built in 1971, the building has a brick exterior, metal roof, concrete floors, three drive-in doors, and clear heights ranging from 12'4'' to 15'9''. The site comprises three contiguous parcels zoned LM, Light Manufacturing.

Two adjoining parcels on Forest Lawn Dr add space for yard use, outdoor storage, or parking. The property also has approximately 19,400 SF of paved area, plus a metal garage and carport. Route 419 is approximately 0.4 miles away, and I-81 is approximately 2 miles away. The owner has occupied the property since 1997 and is relocating; tours are by appointment.

Key Highlights

  • 15,360 SF total: 13,405 SF of warehouse and 1,955 SF of office space
  • Three contiguous parcels zoned LM, Light Manufacturing
  • Three drive‑in doors and clear heights from 12'4'' to 15'9''

Property Analytics

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Open Analytics

Current Use

Cook Siding & Window ... Construction Company Salem Building Supply Building Supply

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store

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

262
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • Patterson Pope — 115 Brand Ave, Salem, VA 24153
  • Public Storage — 98 Electric Rd, Salem, VA 24153

Frequently Asked Questions

What type of property is this?
Warehouse - Three contiguous LM-zoned parcels include adjoining land for outdoor storage, additional parking, or yard use.
Where is this warehouse located?
The property is located at 301 Kessler Mill Rd Salem, VA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 15,360 SF total: 13,405 SF of warehouse and 1,955 SF of office space; Three contiguous parcels zoned LM, Light Manufacturing; Three drive‑in doors and clear heights from 12'4'' to 15'9''
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