2005 E Main St, Salem, VA 24153
For Sale
This exceptional 0.56-acre commercial land parcel presents a remarkable investment opportunity in Salem, Virginia. Strategically located at 2005 E Main St, this property boasts a prime location with high visibility and accessibility. Recently rezoned for High-Density Business (HBD) uses, the possibilities are vast, making it ideal for a diverse range of commercial developments, including retail, restaurant, or office spaces. The property's significant advantage lies in its proximity to major transportation arteries, with an annual average daily traffic count of approximately 14,000 vehicles passing by. Furthermore, its convenient location is approximately 2 miles from Interstate 81, ensuring excellent connectivity and accessibility for potential businesses and customers. The property's APN is 78-2-2.11. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving area, poised for significant growth and development. The asking price for this exceptional property is $179,950. Don't miss this chance to secure a piece of Salem's vibrant commercial landscape.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RSF · Salem, VASalem. Always verify with local authorities before improvements.
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.