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    Salem, VA
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    Salem, VA Restaurants for Sale

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    Roanoke, VA Cave Spring, VA Hollins, VA
    Restaurant/Retail Building on Corner Lot
    $1,595,000
    7,980 SF

    Restaurant/Retail Building on Corner Lot

    201 Electric Rd |, Salem, VA 24153

    7,980 SF building on 1.26 acres, prime corner location.

    • High‑traffic location on a signalized corner lot with frontage on Electric Rd.
    • Stand‑alone building with 7,980 sq. ft. of space.
    • Large 1.26‑acre parcel.
    • Ample parking with space for 100 vehicles.
    • Fully equipped kitchen.
    Updated: Sep 25, 2025
    View details
    Developable Land For Sale
    $149,950
    0.56 Acres

    Developable Land For Sale

    2005 E Main St, Salem, VA 24153

    0.56 AC developable land, ideal for retail, restaurant, or office.

    • 0.56 AC of developable land
    • Recently rezoned to HBD
    • Ideal for retail development
    • Ideal for restaurant development
    • Ideal for office development
    Updated: Apr 9, 2024
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Salem, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Restaurant on High-Traffic Site
    $1,295,000
    5,396 SF

    Former Restaurant on High-Traffic Site

    Former restaurant with redevelopment potential on a high-traffic site.

    2775 Lee Highway |, Troutville, VA 24175
    View details
    Valley View Boulevard Development Opportunity
    $3,100,000

    Valley View Boulevard Development Opportunity

    2.3-acre commercial parcel in a high-traffic retail corridor.

    Roanoke, VA 24017
    View details
    Pad-Ready Site Near Interstate
    $650,000

    Pad-Ready Site Near Interstate

    1.5 acre pad-ready site with easy utility access.

    3221 Lee Highway |, Troutville, VA 24175
    View details
    Iconic Roadhouse Restaurant For Sale
    $1,575,000
    3,912 SF

    Iconic Roadhouse Restaurant For Sale

    Historic 3,912 SF restaurant on 0.31 acres.

    2902 Brambleton Ave SW, Roanoke, VA
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Lot Near Lowe's Store
    $211,300
    2.12 Acres

    Commercial Lot Near Lowe's Store

    Commercial land for sale near a busy corridor.

    4252 Summit St, Roanoke, VA 24018
    View details
    Moneta, VA Commercial Land
    $150,000
    2.21 Acres

    Moneta, VA Commercial Land

    Commercial property in a growing community with many potential uses.

    Altice Rd, Moneta, VA 24121
    View details
    Commercial Land Ready for Development
    $425,000
    0.46 Acres

    Commercial Land Ready for Development

    Prime commercial land in Christiansburg, ready for development with high visibility.

    2140 ROANOKE Street, Christiansburg, VA 24073
    View details
    Retail Space in Moneta, VA
    $510,000
    0.14 Acres

    Retail Space in Moneta, VA

    Retail space available in Downtown Moneta Towncenter.

    Celebration Ave lot: 12, Moneta, VA 24121
    View details

    Off-Market Properties in Salem, VA

    Consider similar Off-Market properties in Salem, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1790 Thompson Memorial Dr
    RESTAURANT
    5,839 SF Lot: 3.25 Acres
    Value Estimation by Request

    1790 Thompson Memorial Dr, Salem, VA 24153-1862

    View details
    2383 Roanoke Blvd
    Individual retail properties
    9,000 SF Lot: 1.37 Acres
    Value Estimation by Request

    2383 Roanoke Blvd, Salem, VA 24153

    View details

    Salem, VA Restaurants Investment Opportunities Market Analysis

    Explore 4 restaurants for sale in Salem, VA on our real estate platform. These investment opportunities span a total of 7,980 square feet of properties for sale, with an estimated market value of $1,595,000.

    Sale prices for restaurant properties in Salem, VA start at $1,595,000, averaging $1,595,000, and reaching up to $1,595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Conventional restaurants 1

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 25,000 to 50,000 square foot range.

    Demographics Overview

    Population 38K
    Population Growth (5Y) +0.3%
    Median Household Income $72,691
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    24153 $872.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.16%
    Property Tax per SF $16.64 per sq ft
    Average Loan-to-Value 65.0%

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