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    FOR SALE
    Commercial land

    3525 Keagy Rd, Salem, VA 24153

    1.32 ac lot
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US87-0841778
    3525 Keagy Rd, Salem, VA 24153 For Sale
    $649,000
    3525 Keagy Rd, Salem, VA 24153
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    Property summary
    AI-generated overview

    This exceptional 1.31-acre commercial lot, located at 3525 Keagy Road in Salem, Virginia (zip code 24153, APN 304-1-2), presents a unique investment opportunity. Zoned HBD, this property is perfectly situated for a variety of medical or professional uses, such as a dental office or medical building. Its prime location offers convenient access and egress to Keagy Road in both directions, ensuring excellent visibility and accessibility for clients and staff. The ample lot size allows for substantial parking, a significant advantage in this desirable area. The property benefits from its proximity to major thoroughfares, including Route 419 and Brandon Avenue, providing easy commutes for employees and patients. Furthermore, its location adjacent to Lewis Gale Hospital and numerous other medical and dental practices creates a synergistic environment, ideal for attracting clientele. The low-traffic area within a well-established neighborhood adds to the overall appeal and desirability of this exceptional commercial land parcel. This is a rare opportunity to acquire a strategically located and well-suited lot for a thriving medical or professional business in a highly sought-after area of Salem, Virginia. The asking price is $649,000.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.32 ac (57,412 SF)
    Zoning code HBD
    APN 304-1-2
    UPID US87-0841778
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mce Owner Occupied LLP · 6 yrs held
    Mce Owner Occupied LLP
    since 2020
    1 recorded transaction
    1969
    Zoning & alternative use
    HBD · Salem, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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