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    142 Horner Ln Salem, VA 24153

    Sponsored
    For Sale
    $720,000

    High-visibility lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.927-acre commercial land parcel presents a unique investment opportunity in Salem, Virginia. Strategically located near I-81 Exit 137, this mostly level lot boasts approximately 180 feet of frontage on Horner Lane, ensuring high visibility and easy accessibility. The property is zoned HBD, opening doors to a wide range of potential development uses. Its prime location offers convenient access to major transportation routes, making it an attractive option for businesses seeking high visibility and convenient access to the interstate. The asking price for this exceptional property is $720,000. Given its size, zoning, and location, this land parcel represents a compelling investment opportunity with significant potential for future growth and return. The level topography simplifies development, minimizing site preparation costs. Don't miss this chance to acquire a highly visible and conveniently located commercial lot in a thriving area. Serious inquiries are encouraged.

    Property Features for 142 Horner Ln

    General Information

    Property type
    Land
    Lot Size
    40,380 SF

    HighLights

    • Mostly level 0.927‑acre lot.
    • High visibility from Horner Ln, with easy I‑81 access.
    • HBD zoning allows for diverse development options.
    • Approximately 180 feet of frontage on Horner Ln.
    • Asking price: $720,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.097208236938
    Latitude
    37.290281972585

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    FAQs

    What type of property is this?
    Land - High-visibility lot, ideal for development.
    Where is this land located?
    The property is located at 142 Horner Ln Salem, VA.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Mostly level 0.927-acre lot.; High visibility from Horner Ln, with easy I-81 access.; HBD zoning allows for diverse development options.
    (540) 204-4935
    Request Owner's contact information
    142 Horner Ln 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
    142 Horner Ln Salem, VA 24153
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