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    OFF-MARKET
    Industrial properties

    72 St John Rd, Salem, VA 24153

    7,942 SF 0.71 ac lot Built 2007
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7,942-square-foot flex space property, located at 72 St John Rd in Salem, Virginia, presents a unique opportunity for businesses seeking versatile commercial space. Built in 2007, this single-tenant building sits on a 0.71-acre lot within the St. John Place Commerce Center and is zoned HM. The property offers a blend of functional areas, ideal for a variety of uses. The space includes a mix of retail space, ample storage, private offices perfect for focused work, a convenient conference room for meetings and collaborations, and a substantial warehouse area. The warehouse features excellent access with one 12x14-foot drive-in door and one 10x14-foot dock door, ensuring efficient loading and unloading of goods. High ceilings, measuring 21 feet, maximize vertical space and storage capacity. Ample parking is available with 28 spaces provided for employees and clients. This property offers a compelling combination of functionality, accessibility, and location, making it an attractive option for businesses seeking a versatile and well-equipped space in Salem, VA. The property's zoning designation, HM, should be verified with the city of Salem for permitted uses.

    Property profile
    Verified
    Property type Industrial properties
    Year built 2007
    Total area 7,942 SF
    Lot 0.71 ac (30,928 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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