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    3525 Keagy Rd Salem, VA 24153

    Sponsored
    For Sale
    $649,000

    1.31-acre lot, ideal medical/professional use

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 1.31-acre commercial lot, located at 3525 Keagy Road in Salem, Virginia (zip code 24153, APN 304-1-2), presents a unique investment opportunity. Zoned HBD, this property is perfectly situated for a variety of medical or professional uses, such as a dental office or medical building. Its prime location offers convenient access and egress to Keagy Road in both directions, ensuring excellent visibility and accessibility for clients and staff. The ample lot size allows for substantial parking, a significant advantage in this desirable area. The property benefits from its proximity to major thoroughfares, including Route 419 and Brandon Avenue, providing easy commutes for employees and patients. Furthermore, its location adjacent to Lewis Gale Hospital and numerous other medical and dental practices creates a synergistic environment, ideal for attracting clientele. The low-traffic area within a well-established neighborhood adds to the overall appeal and desirability of this exceptional commercial land parcel. This is a rare opportunity to acquire a strategically located and well-suited lot for a thriving medical or professional business in a highly sought-after area of Salem, Virginia. The asking price is $649,000.

    Property Features for 3525 Keagy Rd

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • Excellent access to Route 419 and Brandon Avenue.
    • Adjacent to LewisGale Hospital and numerous medical facilities.
    • Located in a desirable, low‑traffic neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Roanoke county
    State
    Virginia
    Longitude
    -80.026037
    Latitude
    37.262411

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    FAQs

    What type of property is this?
    Land - 1.31-acre lot, ideal medical/professional use
    Where is this land located?
    The property is located at 3525 Keagy Rd Salem, VA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Excellent access to Route 419 and Brandon Avenue.; Adjacent to LewisGale Hospital and numerous medical facilities.; Located in a desirable, low-traffic neighborhood.
    Request Owner's contact information
    3525 Keagy Rd Salem, VA 24153
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    Salem, VA 24153
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3525 Keagy Rd Salem, VA 24153
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