1005 E Main St Salem, VA 24153

Property Details for 1005 E Main St

Year built

1985

Lot size

0.39 lot acres

Property size

4,910 SF

Zone code

HBD

Property type

Commercial real estate

APN

83-2-12

APU

83212

Description

This exceptional investment opportunity presents a single-story, 4,910-square-foot office building located at 1005 E Main St, Salem, VA 24153. The property, identified by APN 0633-45-407037, is classified as a Class B building constructed in 1985 and sits on a 0.612-acre lot. The building features six individual units, suitable for a variety of office uses including executive, medical, and traditional office spaces. The flexible floor plan allows for adaptability to various tenant needs. The asking price is $649,000, translating to $132.18 per square foot. Fifteen on-site parking spaces are available for tenants and clients, with an additional lot providing ample space for storage or extra parking. The property benefits from prominent pylon signage and is zoned HBD, offering significant potential for future development or expansion. This property presents a compelling opportunity for both investors seeking a strong return and owner-occupants looking to establish a thriving business in a prime Salem location. The building's history includes a single tenant who expanded to occupy the entire building over 15 years, demonstrating the property's adaptability and potential for growth.