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Brick Office Building
For Sale
$195,000

824 Iowa St, Salem, VA 24153

Commercial Sale, Salem, VA

Property SizeContact for details
Lot Size0.24 Acres
Days on Market140

Property Features for 824 Iowa St

General Information

Property type Commercial Sale
Property subtype Other
Zoning RB
Bathrooms 1
Directions From Electric Rd, LT on Roanoke Blvd, LT on 8th St, building will be on the RT.
Subdivision 0300 - City of Salem
Standard status Active
APN 158-7-1
Lot size 0.24 Acres

Taxes and HOA fees

Tax Description UNNUMBERED LT 0.243 AC SEC 88 SALEM IMPROVEMENT CO
Tax Annual Amount 1661
Legal Description UNNUMBERED LT 0.243 AC SEC 88 SALEM IMPROVEMENT CO

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric
Water source Public

Building Details

Year built 1969
Floors in Building 1
Flooring type Laminate
Building materials Block
Roof type Shingle
Listing Agency: WALDVOGEL COMMERCIAL PROPERTIES
Listed By: KRISTA H VANNOY
Added: Jun 2 Changed: Oct 8 Last Checked: Oct 19 at 1:06AM
MLS# 928143

Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1969 office building in Salem is constructed with block materials and includes an open work area, office, two small restrooms, and a breakroom. Interior features include laminate flooring, acoustic tile ceilings, fluorescent lighting, multiple sinks, and built-in cabinets. The property was previously used as a dental lab and includes an exterior storage shed and air compressor. Heating and cooling are electric, with public water and public sewer service.

The 0.24-acre site is located at 824 Iowa St and provides approximately six surface parking spaces. The property is zoned RB and sits minutes from I-81, the Salem Civic Center, Electric Rd, Apperson Dr, and E Main St. The Valleydale Redevelopment Project is nearby, with a planned total of approximately 300 lofts.

Key Highlights

  • 1969 office building on 0.24 acres
  • Block construction with laminate flooring and acoustic tile ceilings
  • Open work area, office, two small restrooms, and breakroom

Property Analytics

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Current Use

D J's Dental ... Dental Office

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

610
Businesses Nearby

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Salem property with open work area, offices, restrooms, built-in cabinetry, and on-site parking.
Where is this office building located?
The property is located at 824 Iowa St Salem, VA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1969 office building on 0.24 acres; Block construction with laminate flooring and acoustic tile ceilings; Open work area, office, two small restrooms, and breakroom
More about this property
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