Property summary
This exceptional multi-tenant flex building, situated near the intersection of Roanoke Boulevard and Electric Road (Route 419), offers unparalleled access to the Roanoke, New River, and Shenandoah Valleys. Located within three miles of I-81, this property provides convenient transportation links throughout the region. Currently, one of eight suites is available, encompassing a substantial 6,650 square feet. This space boasts a spacious warehouse area complemented by approximately 1000 square feet of well-appointed office space. The office area includes two private offices, a kitchen, restroom facilities, a conference room, and a reception area. The warehouse features impressive 21+ foot ceilings and dock-high loading, a significant advantage for efficient operations. Uniquely, this suite is the only one in the building with a climate-controlled warehouse environment. A sizable truck court conveniently serves the rear of the property, while ample employee parking is available in the front. The larger building itself comprises 66,636 square feet of industrial flex space, is fully sprinklered, and underwent a complete renovation in 2006. Additional building features include 3-phase electric service and limited drive-in access. This is a rare opportunity to secure a well-maintained, strategically located flex space with exceptional amenities.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The LM Light Manufacturing District is created to establish and preserve areas within the city that are suitable for business and light industrial uses. LM Light Manufacturing districts are the location of a significant…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LM · Salem, VAThe LM Light Manufacturing District is created to establish and preserve areas within the city that are suitable for business and light industrial uses. LM Light Manufacturing districts are the location of a significant…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The LM Light Manufacturing District is created to establish and preserve areas within the city that are suitable for business and light industrial uses. LM Light Manufacturing districts are the location of a significant…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LM in Salem, VA.
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