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    5832 River Rd Salem, VA 24153

    Sponsored
    For Sale
    $1,150,000

    Prime Industrial Site, I-2 Zoning, Rail Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30.5-acre industrial land parcel in Salem, Virginia, presents a rare opportunity for significant development. Located in Roanoke County, the property boasts I-2 (High-Intensity Industrial) zoning, providing flexibility for a wide range of industrial uses. Its strategic location offers easy access to US Route 11 and Interstate 81 (Exit 132, just 0.8 miles away), ensuring seamless transportation and logistics. The site features approximately 1,600 feet of frontage along two active Norfolk Southern rail lines, providing direct rail access for efficient freight transport. The relatively flat topography simplifies construction, and the property's proximity to established businesses like Adams Construction and an American Electric Power substation ensures readily available utilities and infrastructure. Preliminary engineering assessments and cost estimates are available upon request. With at least 20 acres suitable for development, this site is capable of accommodating a substantial building (300,000 square feet or more) plus additional structures. The undeveloped nature of the land minimizes potential environmental concerns, and the County is expected to be highly supportive of development proposals. This is one of the last large industrial development sites available in Roanoke County, making it an exceptional investment opportunity. The property is priced at $1,150,000. The zip code is 24153, and the address is 5832 W River Rd.

    Property Features for 5832 River Rd

    General Information

    Property type
    Land
    Lot Size
    1,328,580 SF

    HighLights

    • $1,150,000 asking price for 30.5 acres of I‑2 zoned industrial land in Salem, VA.
    • Convenient access to US Route 11 and Interstate 81 (Exit 132, 0.8 miles).
    • 1,600 feet of frontage along two active rail lines.
    • Level topography.
    • Located near Adams Construction and American Electric Power substation.
    • Undeveloped land with minimal environmental concerns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Clothing Store Auto Parts Store Pawn Shop Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.173962090059
    Latitude
    37.245693945631

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    FAQs

    What type of property is this?
    Land - Prime Industrial Site, I-2 Zoning, Rail Access
    Where is this land located?
    The property is located at 5832 River Rd Salem, VA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for 30.5 acres of I-2 zoned industrial land in Salem, VA.; Convenient access to US Route 11 and Interstate 81 (Exit 132, 0.8 miles).; 1,600 feet of frontage along two active rail lines.
    Request Owner's contact information
    5832 River 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
    5832 River Rd Salem, VA 24153
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