3114 Main St Salem, VA 24153
- Commercial real estate
- 9.70 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3114 Main St
- Lot size
- 9.70 lot acres
- Property type
- Commercial real estate
Description
This exceptional 9.699-acre industrial land parcel presents a compelling investment opportunity in Salem, Virginia. Located at 3114 W Main St (US Route 460), this property boasts I-2 (Heavy Industrial) zoning, providing significant development flexibility. Its strategic location in Roanoke County offers unparalleled access to Interstate 81, with four-lane access within 1.5 miles of two interchanges (exits 137 and 132). The high daily traffic count of over 17,000 vehicles ensures excellent visibility and accessibility. Situated near major businesses including US Foods, Medeco, Kroger, Lowe's distribution centers, and Mack Trucks, this site benefits from established infrastructure and a thriving commercial environment. The property is less than 30 miles from Blacksburg, VA. With a current market vacancy rate of approximately 2.8% in the combined Roanoke and Blacksburg industrial markets, this site represents a rare opportunity to capitalize on significant unmet demand for industrial flex development. The potential exists to develop multiple structures on this sizable lot, making it ideal for a variety of industrial uses. The asking price is $1,475,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Roanoke
- State
- Virginia
- Longitude
- -80.1122583
- Latitude
- 37.2795704
