Property profile

110 Main St Ararat, VA 24053

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

110 Main St Ararat, VA 24053
Ararat metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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