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    113 Corporate Blvd Salem, VA 24153

    Sponsored
    For Sale
    $499,000

    Highly visible corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.19-acre parcel of land, located at 113 Corporate Boulevard in Salem, Virginia (zip code 24153), presents a unique investment opportunity. Zoned HBD, this property offers significant potential for various development projects. Its prime location boasts exceptional visibility due to its corner lot positioning. The land is situated in a professional park-like setting, providing an attractive and desirable environment for future development. A key advantage is its proximity to established community landmarks, including the Salem Montessori School, and its location directly across from the Salem Football Stadium, Baseball Stadium, and Salem Civic Center. This high-traffic area ensures excellent exposure and accessibility. The lot's size also allows for the possibility of subdivision, further enhancing its development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price for this remarkable land opportunity is $499,000.

    Property Features for 113 Corporate Blvd

    General Information

    Property type
    Land
    Lot Size
    95,396 SF

    HighLights

    • 2.19‑acre lot
    • Subdividable lot
    • Adjacent to Salem Montessori School
    • Across from Salem Football Stadium, Baseball Stadium, and Civic Center
    • Professional park‑like setting
    • Corner lot with high visibility
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Nail Salon Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath Department Store Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0374407
    Latitude
    37.2904708

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    FAQs

    What type of property is this?
    Land - Highly visible corner lot, ideal for development.
    Where is this land located?
    The property is located at 113 Corporate Blvd Salem, VA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 2.19-acre lot; Subdividable lot; Adjacent to Salem Montessori School
    (540) 204-0120
    Request Owner's contact information
    113 Corporate Blvd 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
    113 Corporate Blvd Salem, VA 24153
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