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Property profile & analytics
OFF-MARKET
Land

113 Corporate Blvd Salem, VA 24153

2.19 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 2.19 ac (95,396 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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