Day Care Center Redevelopment
425 S Colorado St, Salem, VA 24153
For Sale
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Four contiguous parcels with three buildings, fenced outdoor play areas, parking, and flexible open space for adaptable use.
Property Size11,854 SF
Price / SF$128.65
Days on Market115
Property Features for 425 S Colorado St
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Building Details
Buildings
Listing Agency:
Cushman & Wakefield Thalhimer - Roanoke, Virginia
Listed By:
Wyatt Poats · License VA #0225236327
(434) 841-0812
Source:
Crexi
Added: Jul 23
Changed: Nov 13
Last Checked: Nov 12 at 8:03AM
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
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Investment Insights
Based on property information with market context.
Four contiguous parcels with three buildings offer a repositioning or redevelopment opportunity anchored by the continuously operated Mini-World Child Care Center. The combined building footprint is approximately 11,800 SF and includes fenced outdoor play areas, parking, and flexible open space. The existing improvements are well-suited for continued educational or community use and can also adapt to office, medical, or alternative institutional users.
The site is positioned at the corner of Colorado Street and 3rd Street, providing strong visibility and convenient access in a walkable location just minutes from downtown Salem. The property’s multi-building, multi-parcel configuration also provides optionality for phased occupancy, redevelopment, or potential subdivision.
Multiple addresses are included in the offering: 425 S. Colorado Street, 501 S. Colorado Street, 101 E 3rd Street, and 500 S. Market Street.
The site is positioned at the corner of Colorado Street and 3rd Street, providing strong visibility and convenient access in a walkable location just minutes from downtown Salem. The property’s multi-building, multi-parcel configuration also provides optionality for phased occupancy, redevelopment, or potential subdivision.
Multiple addresses are included in the offering: 425 S. Colorado Street, 501 S. Colorado Street, 101 E 3rd Street, and 500 S. Market Street.
Key Highlights
- Four contiguous parcels with three buildings for flexible redevelopment planning
- Combined building footprint of approximately 11,800 SF
- Fenced outdoor play areas included
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Balanced
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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Similar Off Market Nearby
- TAP Head Start - Salem Center — 1031 S College Ave, Salem, VA 24153
- Mini-World Child Care Centers — 151 3rd St, Salem, VA 24153
- St Anne's Episcopal Day School — 42 E Main St, Salem, VA 24153
- Care Advantage, Inc. — 212 E Main St, Salem, VA 24153
Frequently Asked Questions
What type of property is this?
Day care center - Four contiguous parcels with three buildings, fenced outdoor play areas, parking, and flexible open space for adaptable use.
Where is this day care center located?
The property is located at 425 S Colorado St Salem, VA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Four contiguous parcels with three buildings for flexible redevelopment planning; Combined building footprint of approximately 11,800 SF; Fenced outdoor play areas included
