2383 Roanoke Blvd Salem, VA 24153
This exceptional 9,000-square-foot mixed-use property in Salem, Virginia, presents a unique investment opportunity. Located on Roanoke Boulevard (US Route 460), this single-story building boasts a prime location with approximately 16,000 vehicles passing daily. Built in 1991, the property sits on a 1.37-acre lot and includes 42 parking spaces. Currently vacant, the building offers three independent, approximately 3,000-square-foot units, each with its own entrance, previously used as a restaurant, storefront, and traditional office. The zoning is HBD (Highway Business District). The asking price of $695,000 includes restaurant equipment, but excludes lounge furniture and lodge furnishings. The property benefits from a sprinkler system and is situated directly across from the Salem Veteran Affairs Medical Center and Virginia Veterans Care Center, providing high visibility and potential for a diverse range of businesses. This is a rare chance to acquire a substantial, well-located mixed-use building in a thriving area. The property is owned by the Disabled American Veterans, Department of Virginia, Inc. and is being offered for sale for the first time.
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DAV Roanoke Valley Honor Guard Bar & Pub
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DAV Thrift Store Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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