1871 Harrogate Dr Salem, VA 24153
- Commercial real estate
- 4.97 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1871 Harrogate Dr
- Lot size
- 4.97 lot acres
- Property type
- Commercial real estate
- APN
- 128-1-3 & 128-1-5
Description
This exceptional 4.966-acre parcel in Salem, Virginia, presents a remarkable multifamily development opportunity. Located at 1871 Harrogate Dr, Salem, VA 24153 (APN: 128-1-3 & 128-1-5), this property boasts a desirable location and stunning mountain views. Currently zoned Residential Multi-Family, it's ideally suited for a variety of multifamily projects. Previous plans envisioned a three-story building encompassing thirty two-bedroom units, offering a solid foundation for potential developers. The site benefits from the availability of public utilities, ensuring seamless infrastructure integration. Its convenient proximity to West Main Street and Interstate 81 provides excellent accessibility and connectivity. Neighboring properties include Friendship Salem Terrace, an assisted living and memory care facility, and single-family patio homes, suggesting a strong existing residential community. This is a chance to capitalize on the growing demand for multifamily housing in a thriving Virginia city. The asking price for this exceptional development opportunity is $399,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Roanoke
- State
- Virginia
- Longitude
- -80.090294
- Latitude
- 37.291057
