659 Broad St, Salem, VA 24153-5023
This 7,125 square foot flex/warehouse space in Salem, VA, offers a fantastic opportunity for businesses seeking a versatile location. Situated at 659 S. Broad St, this property boasts convenient access to major trucking routes, making logistics a breeze. The building, constructed in 1989, features a total of 19,000 square feet across three suites, with this particular unit offering ample space for various uses. The high ceilings, reaching 18 feet, provide exceptional vertical clearance. Loading and unloading are simplified with one loading dock, one dock-high door, and one drive-in door, measuring 14' x 10'. The space includes approximately 460 square feet of climate-controlled office space, complete with a bathroom, adding a professional touch to the warehouse environment. Heating is provided by a gas unit heater, ensuring a comfortable workspace year-round. The property is zoned LM, making it suitable for a wide range of industrial and commercial activities. This is a multi-tenant building, offering a vibrant and collaborative environment. Don't miss this chance to secure a prime industrial space in a thriving location. The property's strategic location and versatile design make it an ideal choice for businesses seeking efficient and functional space.
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Installation Servcies & Delivery Electrical Service General Contractor
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
LM · 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.