Building Details

Year Built 1930

Listing Agency: TOWN & COUNTRY REALTY OF FRANKLIN CO

Listed By: GAYE A CLINGENPEEL · License #0225023471 Show Phone

Source: Westlandsells

Added: Jul 30 Changed: Nov 4 Last Checked: Nov 3 at 8:59AM

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Investment Insights

Based on property information with market context.

This office property, built in 1930, is configured with four to five offices and a conference room. A lobby, kitchen, and two bathrooms complete the interior layout.

The building is at 501 Roanoke Boulevard in Salem, Virginia, with convenient access to Salem and Roanoke.

Key Highlights

• Four to five offices plus a conference room
• Lobby, kitchen, and two bathrooms
• Built in 1930

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Spaces

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy HVAC Service Storage Facility Grocery & Convenience Store Cosmetic 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

982

Businesses Nearby

Balanced

Demand for This Use

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office space - The office layout includes a conference room, lobby, kitchen, and two bathrooms.

Where is this office space located?

The property is located at 501 Roanoke BLVD Salem, VA.

What is the asking price?

The asking price for this property is $447,500.

What are key features of this property?

This property features: Four to five offices plus a conference room; Lobby, kitchen, and two bathrooms; Built in 1930