2145 Roanoke Blvd, Salem, VA 24153-6401
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.
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
CBD · 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.