1650 Braeburn Dr Salem, VA 24153
- Commercial real estate
- 10,390 SF
- 1.39 lot acres
Current Use by Public Records
- Jersey Lily's Roadhouse / American Restaurant / Steak House
Property Details for 1650 Braeburn Dr
- Year built
- 1983
- Lot size
- 1.39 lot acres
- Property size
- 10,390 SF
- Zone code
- HBD
- Property type
- Commercial real estate
- APN
- 284-1-2
- APU
- 28412
Description
This exceptional 10,545-square-foot restaurant space, located at 1650 Braeburn Drive in Salem, Virginia, presents a unique investment opportunity. The property, built in 1983 and situated on a 1.39-acre lot, boasts a highly desirable location on a major thoroughfare, offering excellent visibility and accessibility. Its strategic placement provides convenient access to Interstate 81, enhancing its appeal to a wide customer base. The property's proximity to key amenities such as LewisGale Medical Center, Salem Civic Center, and Tanglewood Mall further strengthens its market position. Ample parking is available, ensuring ease of access for patrons. The property is zoned HBD, offering flexibility for various commercial uses. The building is a single-story structure, and the asking price is $2,350,000. The anticipated occupancy date is October 28, 2024. This turnkey opportunity is ideal for established restaurant operators or entrepreneurs seeking a high-traffic location with significant growth potential. The property's size and location make it an attractive investment in a thriving community. This is a rare chance to acquire a well-positioned commercial property in a desirable area of Salem, Virginia.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Salem
- State
- Virginia
- Longitude
- -80.0338
- Latitude
- 37.2651
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
