19 Salem AveRoanoke, VA 24011

  • Mixed-use properties
  • 4,000 SF
For Sale
$779,000 View listing

Property Details for 19 Salem Ave

Year built
1904
Construction
TYPE NOT SPECIFIED
Lot size
0.05 AC
Property size (Sq ft)
4,000 SF
Zone code
D
Property type
Mixed-use properties
Property subtype
Other industrial properties
APN
401-0315
APU
4010315

Description

This exceptional 4,000 square foot retail or restaurant building, located at 19 Salem Ave SE in Roanoke, Virginia (zip code 24011), presents a unique investment opportunity. Built in 1904 and renovated in 2010, this two-story building sits on a 2,186 square foot lot (APN 4010315) and is currently vacant, allowing for immediate occupancy. The property is zoned D, making it suitable for a variety of commercial uses. With an asking price of $779,000 ($194.75 per square foot), this property offers a compelling return on investment. Its prime downtown location offers high visibility and foot traffic, situated near the Roanoke City Market, Taubman Museum of Art, and Mill Mountain Park, ensuring a vibrant and bustling environment. The building's history and recent renovations combine to create a unique blend of character and modern functionality, making it an ideal space for a discerning business owner seeking a prominent location in a thriving downtown area. The property consists of one building and is ready for immediate use.

19 Salem Ave, Roanoke, Virginia
Leaflet | © OpenStreetMap contributors

Location Insight

City
Roanoke
County
Roanoke City
State
Virginia
Latitude
37.2722
Longitude
-79.9396
CBSA code
40220
CBSA name
ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,629
$105,100
$543,700
$648,800
-
$105,100
$543,700
$648,800

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