110 Main St, Ararat, VA 24053
This exceptional two-story commercial property, located at 110 E. Main Street in the heart of Salem, Virginia, offers a unique opportunity for a single tenant. Boasting 15,130 square feet of vacant space, this storefront property is zoned DBD City of Salem, VA, and sits on a 0.39-acre lot. The building's versatile design is suitable for a variety of retail or office uses, making it an ideal location for businesses seeking high visibility and accessibility. Ample parking is provided with 40 spaces available for customers and employees. The property's traditional storefront design blends seamlessly with the historic charm of downtown Salem. Its central location offers easy access to major roadways and a thriving community. The building's flexible layout allows for customization to meet specific business needs, ranging from smaller spaces of approximately 500 square feet to larger spaces of approximately 5,000 square feet. This is a rare opportunity to secure a prominent location in a desirable and growing market. The property is situated in Salem County, Virginia, with a zip code of 24053. The precise coordinates are latitude 36.6014178 and longitude -80.5660657. Contact us today to learn more about this outstanding commercial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.