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Property profile & analytics
OFF-MARKET
Retail space

2383 Roanoke Blvd Salem, VA 24153

9,000 SF 1.37 ac lot Built 1991
Entity Owned 1-yr Hold
Property ID
US87-3429375
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Year built 1991
Total area 9,000 SF
Lot 1.37 ac (59,677 SF)
UPID US87-3429375
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
  • DAV Roanoke Valley Honor Guard Bar & Pub
  • DAV Thrift Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Clippft LLC · 1 yrs held
Clippft LLC
since 2025
2 recorded transactions
2025
$625,000
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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