Listing Agency: EDWIN C HALL ASSOCIATES INC

Listed By: KRISTINE DAVIS · License #0225264055 Show Phone

Source: Compass

Added: Sep 19, 2023 Changed: Oct 16 Last Checked: Oct 20 at 11:49PM

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Investment Insights

Based on property information with market context.

This property features approximately 0.56 acres of developable land. The site has been recently rezoned to HBD, making it suitable for retail, restaurant, or office endeavors.

Key Highlights

• 0.56 AC of developable land
• Recently rezoned to HBD
• Ideal for retail development

Property Analytics

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Open Analytics

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Pharmacy Restaurant

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

259

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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Frequently Asked Questions

What type of property is this?

Commercial land - 0.56 AC developable land, ideal for retail, restaurant, or office.

Where is this commercial land located?

The property is located at 2005 East Main Street Salem, VA.

What is the asking price?

The asking price for this property is $149,950.

What are key features of this property?

This property features: 0.56 AC of developable land; Recently rezoned to HBD; Ideal for retail development