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Property profile & analytics
OFF-MARKET
Commercial real estate

2306 Riverside Dr West Riverside Dr Salem, VA 24153

17.19 ac lot
Property ID
US87-0947864
Property summary
AI-generated overview

Exceptional investment opportunity in Salem, Virginia! This 17.19-acre property, encompassing the established Riverside Nursery, presents a unique blend of existing business and significant development potential. The nursery itself boasts over 47,000 square feet of greenhouse space and a 30-year history of profitability, producing high-quality plants for diverse uses. The property's R-1 zoning, coupled with its prime riverside location on the Roanoke River with private access and its residential surroundings, suggests opportunities for increased density. The existing infrastructure includes two large wells, one underground pipe drawing from the Roanoke River, and two septic systems. Adding to the property's appeal is a small, two-bedroom, one-bathroom house, ideal for on-site management or worker housing. The property's APN numbers are 0612-88-3978-41 and 0612-89-4428-61. This landmark Salem business offers a solid foundation for expansion or redevelopment. Detailed business information and private showings are available upon execution of a Non-Disclosure Agreement and verification of funds from a reputable financial institution. Asking price: $1,500,000.

Property profile
Verified
Property type Commercial real estate
Lot 17.19 ac (748,796 SF)
APN 0612-88-3978-41, 0612-89-4428-61
UPID US87-0947864
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
Current use
Occupant on record · Public records
  • Riverside Nursery Inc Garden Center Landscaping
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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