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Property profile & analytics
OFF-MARKET
Commercial real estate

1723 Skyview Rd Salem, VA 24153

35.44 ac lot
Property ID
US87-0620132
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 35.44 ac (1,543,766 SF)
UPID US87-0620132
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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