1723 Skyview Rd Salem, VA 24153
This exceptional 35.44-acre land assemblage presents a unique investment opportunity in Salem, Virginia. Strategically located just north of Exit 137 on I-81, this property boasts unparalleled visibility and accessibility, benefiting from high traffic counts in southwest Virginia and convenient access to the Roanoke Metropolitan area. The site comprises five contiguous parcels, zoned AG1 C2 R1, allowing for a variety of development options, including high-demand multifamily and commercial uses. The property's prime location offers developers significant advantages, including direct access to I-81 and proximity to a range of amenities such as grocery stores, retail establishments, and restaurants. Enjoy breathtaking views of the Roanoke Valley and surrounding mountains. Public water and sewer are readily available on-site, simplifying infrastructure development. This expansive parcel represents a rare chance to capitalize on a highly desirable location with significant growth potential. The asking price is $1,795,000. Don't miss this opportunity to acquire a premier development site in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.