Industrial Development Land
For Sale
$3,750,000
5647 W River Rd, Salem, VA 24153
Approximately 48-acre waterfront tract with I-2 and R-1 zoning and existing access to electric plus public water and sewer across W. River Road.
Property SizeContact for details
Lot Size48.00 Acres
Days on Market168
Property Features for 5647 W River Rd
General Information
Standard status
Active
Lot size
48.00 Acres
Property subtype
Land
Zoning
I-2, R-1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1976
Listed By:
Krista Vannoy, CCIM, SIOR · License #VA #0225060152
(540) 314-1739
Source:
Waldvogelcommercial
Added: May 8
Changed: Oct 2
Last Checked: Oct 20 at 5:35PM
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 Krista Vannoy, CCIM, SIOR
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Investment Insights
Based on property information with market context.
The property is an approximately 48-acre industrial development tract positioned along the Roanoke River. Topography is generally level with moderate slope. The eastern boundary is along the Roanoke River, with approximately 4.4 acres located within a flood zone. The northern portion of the property is bordered by track for Norfolk-Southern, and electric service is available to the site. Public water and sewer are available across W. River Road.
The site is located in Salem, Virginia, less than 2 miles from Interstate 81 at Exit 132 (Dixie Caverns). Connectivity includes convenient access to U.S. Route 460 and the surrounding industrial and employment centers, including the Technology Drive industrial corridor.
The parcel is currently zoned as a combination of I-2 (Heavy Industrial) and R-1. The remarks indicate an expectation that Roanoke County would support rezoning of the entire tract to I-2, subject to standard approvals.
The site is located in Salem, Virginia, less than 2 miles from Interstate 81 at Exit 132 (Dixie Caverns). Connectivity includes convenient access to U.S. Route 460 and the surrounding industrial and employment centers, including the Technology Drive industrial corridor.
The parcel is currently zoned as a combination of I-2 (Heavy Industrial) and R-1. The remarks indicate an expectation that Roanoke County would support rezoning of the entire tract to I-2, subject to standard approvals.
Key Highlights
- Approximately 48‑acre tract at 5647 W. River Road in Salem, VA, less than 2 miles from I‑81 (Exit 132 – Dixie Caverns)
- Zoned a combination of I‑2 (Heavy Industrial) and R‑1, with expectation to rezone the entire tract to I‑2 (subject to approvals)
- Waterfront along the Roanoke River; about 4.4 acres are located within a flood zone
Property Analytics
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Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - Approximately 48-acre waterfront tract with I-2 and R-1 zoning and existing access to electric plus public water and sewer across W. River Road.
Where is this industrial land located?
The property is located at 5647 W River Rd Salem, VA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Approximately 48‑acre tract at 5647 W. River Road in Salem, VA, less than 2 miles from I‑81 (Exit 132 – Dixie Caverns); Zoned a combination of I‑2 (Heavy Industrial) and R‑1, with expectation to rezone the entire tract to I‑2 (subject to approvals); Waterfront along the Roanoke River; about 4.4 acres are located within a flood zone
