Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    19 Salem Ave Roanoke, VA 24011

    Sponsored
    For Sale
    $779,000

    Historic building, 4,000 sq ft, vacant.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot retail or restaurant building, located at 19 Salem Ave SE in Roanoke, Virginia (zip code 24011), presents a unique investment opportunity. Built in 1904 and renovated in 2010, this two-story building sits on a 2,186 square foot lot (APN 4010315) and is currently vacant, allowing for immediate occupancy. The property is zoned D, making it suitable for a variety of commercial uses. With an asking price of $779,000 ($194.75 per square foot), this property offers a compelling return on investment. Its prime downtown location offers high visibility and foot traffic, situated near the Roanoke City Market, Taubman Museum of Art, and Mill Mountain Park, ensuring a vibrant and bustling environment. The building's history and recent renovations combine to create a unique blend of character and modern functionality, making it an ideal space for a discerning business owner seeking a prominent location in a thriving downtown area. The property consists of one building and is ready for immediate use.

    Property Features for 19 Salem Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,000 SF

    Building Details

    Year Built/Renovated
    1904/2010
    Buildings
    1
    Stories
    2

    HighLights

    • 4,000 SF retail/restaurant building in Roanoke, VA (24011).
    • 1904 construction, renovated in 2010, currently vacant.
    • Located on a 2,186 SF lot (APN 4010315), zoned D.
    • Asking price: $779,000 ($194.75/SF).
    • Prime downtown location near Roanoke City Market, Taubman Museum, and Mill Mountain Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premium Parking - P7419 Parking Lot Yummi Jamaica Restaurant Knapsack Lot Parking Lot

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9396218
    Latitude
    37.2722549

    Nearby Similar for Sale

    • $2,875,000
      0.20 Acres

      Historic Horton Building For Sale

      Landmark Roanoke building blending early-20th-century craftsmanship and modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $2,875,000
      0.20 Acres

      Historic Horton Building in Roanoke

      Landmark building blending early-20th-century craftsmanship with modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $650,000
      0.30 Acres

      Roanoke Office/Retail Building For Sale

      Office building with subdivision potential and ample parking.
      356 Campbell Ave SW, Roanoke, VA 24016
      View Details
    • $1,350,000
      1.00 Acre

      Franklin Road Office/Retail Opportunity

      Prime commercial land on Franklin Road with high traffic volume.
      4040 Franklin Rd SW, Roanoke, VA 24014
      View Details
    • $875,000
      0.05 Acres

      Downtown Roanoke Investment Opportunity

      Two-unit building in vibrant downtown Roanoke with retail and residential.
      22 Campbell Ave SE, Roanoke, VA 24011
      View Details
    • $211,500
      0.17 Acres

      Roanoke Duplex with Rental Potential

      Bungalow duplex with strong rental income potential in Roanoke, VA.
      2923 Melrose Ave NW, Roanoke, VA 24017
      View Details
    • $234,500
      0.12 Acres

      Renovated Triplex in Roanoke, VA

      Well-maintained triplex with recent renovations and immediate income potential.
      611 Stewart Ave SE, Roanoke, VA 24013
      View Details
    • $315,000
      0.19 Acres

      Roanoke Retail Building For Sale

      Well-maintained commercial building in high-traffic Roanoke location.
      3118 Williamson Rd NW, Roanoke, VA 24012
      View Details
    • $176,450
      0.17 Acres

      Roanoke Apartments - Turn Key Investment

      Upgraded apartments with new features, ideal for investment.
      1202 Melrose Ave NW, Roanoke, VA 24017
      View Details
    • New
      $2,225,000
      0.08 Acres

      Downtown Roanoke Multifamily Property

      High-end, fully leased 12-unit multifamily property in Downtown Roanoke.
      209 1St St SW, Roanoke, VA 24011
      View Details
    • $176,450
      0.15 Acres

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with upgrades, convenient location, and income potential.
      1114 Lafayette Blvd NW, Roanoke, VA 24017
      View Details
    • $499,000
      0.56 Acres

      Retail Opportunity in North Roanoke

      Retail property with high visibility in North Roanoke, Virginia.
      5623 Williamson Rd, Roanoke, VA 24012
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic building, 4,000 sq ft, vacant.
    Where is this restaurant located?
    The property is located at 19 Salem Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $779,000.
    What are key features of this property?
    This property features: 4,000 SF retail/restaurant building in Roanoke, VA (24011).; 1904 construction, renovated in 2010, currently vacant.; Located on a 2,186 SF lot (APN 4010315), zoned D.
    Request Owner's contact information
    19 Salem Ave Roanoke, VA 24011
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19 Salem Ave
    Roanoke, VA 24011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    19 Salem Ave Roanoke, VA 24011
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.