Mixed-Use Corner
901 S Colorado St Salem, VA 24153
901 S Colorado St, Salem, VA, 24153
$475,000
For Sale
$475,000
Two completely remodeled commercial buildings offer retail/office space and fully leased residential units on a corner lot.
Days on Market37
Property Features for 901 S Colorado St
General Information
- Standard status
- Active
Listing agency
MKB, REALTORS
(540) 293-2159
Listed by
DAVID MCCRAY
(540) 293-2159
Source
Exprealty
Added: Jun 17 Updated: Jul 22 at 12:15AM Checked: Jul 22 at 7:28AM
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 MKB, REALTORS
Investment Insights
Based on property information with market context.
This mixed-use corner property consists of two commercial buildings with combined retail/office and residential components. The building on Colorado features retail/office space on the first floor and a second-floor apartment. The Colorado building has been completely remodeled, includes hardwood floors throughout, and provides a two-bedroom, one-bath layout with central heat and A/C, plus a rear deck.
A second building on 7th St includes a month-to-month beauty salon tenant on the ground level and a leased residential apartment on the upper floor. Both buildings are on a corner lot with commercial exposure and include paved, striped parking.
The Colorado apartment is fully leased, while the beauty salon is on a month-to-month basis. The property is zoned for commercial Business district use, supporting a blend of retail/office and residential income within the same site.
A second building on 7th St includes a month-to-month beauty salon tenant on the ground level and a leased residential apartment on the upper floor. Both buildings are on a corner lot with commercial exposure and include paved, striped parking.
The Colorado apartment is fully leased, while the beauty salon is on a month-to-month basis. The property is zoned for commercial Business district use, supporting a blend of retail/office and residential income within the same site.
Key Highlights
- Two commercial buildings on a corner lot with retail/office and residential income potential
- Building on Colorado: 1,385 +/- SF retail/office first floor and 1,015 +/- SF apartment on the 2nd floor
- Apartment in Building on Colorado has 2 bedrooms, 1 bath, central heat and A/C, rear deck; fully leased
Property Analytics
Location Intelligence
Current Use by Public Records
Hammer & Stain Roanoke
Hotel & Motel
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FAQs
What type of property is this?
Mixed-use property - Two completely remodeled commercial buildings offer retail/office space and fully leased residential units on a corner lot.
Where is this mixed-use property located?
The property is located at 901 S Colorado St Salem, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two commercial buildings on a corner lot with retail/office and residential income potential; Building on Colorado: 1,385 +/- SF retail/office first floor and 1,015 +/- SF apartment on the 2nd floor; Apartment in Building on Colorado has 2 bedrooms, 1 bath, central heat and A/C, rear deck; fully leased
