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Property profile & analytics
OFF-MARKET
Commercial real estate

3114 Main St Salem, VA 24153

9.7 ac lot
Property ID
US87-0171300
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 9.7 ac (422,488 SF)
UPID US87-0171300
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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