Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Electrical Service General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The LM Light Manufacturing District is created to establish and preserve areas within the city that are suitable for business and light industrial uses. LM Light Manufacturing districts are the location of a significant…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LM · Salem, VAThe LM Light Manufacturing District is created to establish and preserve areas within the city that are suitable for business and light industrial uses. LM Light Manufacturing districts are the location of a significant…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The LM Light Manufacturing District is created to establish and preserve areas within the city that are suitable for business and light industrial uses. LM Light Manufacturing districts are the location of a significant…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LM in Salem, VA.
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