1501 Roanoke Blvd Salem, VA 24153
For Lease
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This exceptional Class A industrial warehouse, located at 1501 Roanoke Blvd in Salem, Virginia (zip code 24153), offers 414,000 square feet of versatile space available for lease. The property sits on a substantial 40.32 acres and features a single, two-story building constructed in 1955. The warehouse boasts impressive ceiling heights ranging from a minimum of 7 feet to a maximum of 50 feet, with a column spacing of 50 feet by 30 feet. Loading capabilities include 3 west docks, 4 shipping docks, and 2 receiving docks. Ample parking is provided with 863 rear spaces and 402 front spaces, totaling 1265 parking spaces. The property includes 2 x 7.5MVA power and is zoned HM. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 414,000 square feet. The property benefits from 22 overhead cranes and 24/7 security. The APN is 189-2-1. This is a multi-tenant property offering a unique opportunity for businesses seeking significant warehouse space in a prime location. The property's size, features, and location make it an ideal choice for a variety of industrial uses.
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ABB, Inc. Electrical Service General Contractor
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GE Drives and Controls Industrial Manufacturer Production Facility
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STS Group North America Industrial Manufacturer Production Facility
The HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more intensive industrial uses. The district allows a wide variety of intensive industrial and warehouse uses
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
HM · Salem, VAThe HM Heavy Manufacturing District is created to establish and preserve areas within the city that are suitable for business and more intensive industrial uses. The district allows a wide variety of intensive industrial and warehouse uses
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.