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    1650 Braeburn Dr Salem, VA 24153

    Sponsored
    For Sale
    $2,350,000

    10,545 SF Restaurant, High Traffic Area

    Property size:
    10,545 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,545-square-foot restaurant space, located at 1650 Braeburn Drive in Salem, Virginia, presents a unique investment opportunity. The property, built in 1983 and situated on a 1.39-acre lot, boasts a highly desirable location on a major thoroughfare, offering excellent visibility and accessibility. Its strategic placement provides convenient access to Interstate 81, enhancing its appeal to a wide customer base. The property's proximity to key amenities such as LewisGale Medical Center, Salem Civic Center, and Tanglewood Mall further strengthens its market position. Ample parking is available, ensuring ease of access for patrons. The property is zoned HBD, offering flexibility for various commercial uses. The building is a single-story structure, and the asking price is $2,350,000. The anticipated occupancy date is October 28, 2024. This turnkey opportunity is ideal for established restaurant operators or entrepreneurs seeking a high-traffic location with significant growth potential. The property's size and location make it an attractive investment in a thriving community. This is a rare chance to acquire a well-positioned commercial property in a desirable area of Salem, Virginia.

    Property Features for 1650 Braeburn Dr

    General Information

    Property type
    Restaurants
    Square Feet
    10,545 SF
    Lot Size
    60,548 SF

    Building Details

    Year Built
    1983
    Stories
    1

    HighLights

    • 10,545 SF restaurant space on 1.39‑acre lot at 1650 Braeburn Drive, Salem, VA.
    • Highly visible location on major thoroughfare with I‑81 access.
    • Near LewisGale Medical Center, Salem Civic Center, and Tanglewood Mall.
    • Ample parking.
    • HBD zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jersey Lily's Roadhouse Steak House

    Suggested Use

    Law Firm Realty agency 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
    State
    Virginia
    Longitude
    -80.033299980314
    Latitude
    37.26514532504

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    FAQs

    What type of property is this?
    Restaurant - 10,545 SF Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 1650 Braeburn Dr Salem, VA.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 10,545 SF restaurant space on 1.39-acre lot at 1650 Braeburn Drive, Salem, VA.; Highly visible location on major thoroughfare with I-81 access.; Near LewisGale Medical Center, Salem Civic Center, and Tanglewood Mall.
    Request Owner's contact information
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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
    1650 Braeburn Dr Salem, VA 24153
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