3525 Keagy Rd, Salem, VA 24153
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HBD · Salem, VASalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.