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    OFF-MARKET
    Commercial land

    2145 Roanoke Blvd, Salem, VA 24153-6401

    1.07 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US87-0379128
    Property summary
    AI-generated overview

    This exceptional 1.07-acre commercial land parcel, situated at 2145 Roanoke Blvd in Salem, Virginia (zip code 24153), presents a unique development opportunity. The property boasts a prime location in a CBD (Central Business District) zoning area, offering significant potential for various commercial ventures. A comprehensive two-story building concept plan, totaling 9,000 square feet, has already received approval from the City of Salem. This pre-approved plan streamlines the development process, saving valuable time and resources. The site is designed to accommodate 54 or more parking spaces, conveniently accessed via two entrances. All essential public utilities, including water and sewer, are readily available on-site with sufficient capacity to support the planned development. Adding to the property's appeal is an existing Lamar billboard, offering additional income potential. The property's corner lot location provides excellent visibility and accessibility, further enhancing its commercial viability. This is a rare opportunity to acquire a fully-permitted site in a thriving area, ready for immediate development. Interested parties should note the property's convenient proximity to the Virginia Medical Center.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.07 ac (46,653 SF)
    Zoning code CBD
    APN 225-3-5
    UPID US87-0379128
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Fw Properties LLC · 2 yrs held
    Fw Properties LLC
    since 2024
    Last sale
    $99,950
    2 recorded transactions
    2024
    2024
    $99,950
    Zoning & alternative use
    CBD · Salem, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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