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0 Thompson Memorial Dr 5.22 Acres of Commercial Land Offered at $78,300 in Salem, VA 24153
Investment Highlights
- 5.22-acre commercial land parcel near I-81 and the New River corridor.
- Heavy traffic counts driven by commuter and regional interstate access.
- Strong interest for trucking, equipment rental, and auto repair users.
- Primary frontage on Thompson Memorial Drive with strong visibility.
- Highly viable for local and pass-through customer demand.
- Suitable for freestanding commercial uses such as daycare or pet services.
Executive Summary
The subject is a 5.22-acre land parcel located near the intersection of Thompson Memorial Drive and Kessler Mill Road, offering excellent proximity to Interstate 81 and the New River corridor. The site will have primary frontage along Thompson Memorial Drive, providing strong visibility and convenient access. The property benefits from heavy traffic counts generated by commuters and regional travelers accessing I-81, supporting strong local and pass-through demand. Market interest and highest and best use are geared toward trucking-related users, equipment rental, auto repair, and other service-oriented commercial uses. Additional freestanding commercial uses, including a daycare center and pet services or grooming, have also been contemplated given the site’s access, exposure, and commuter traffic patterns.
Property Facts
| Price | $78,300 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.22 AC |
| Property Type | Land | ||
| Zoning | C-2 - Commercial | ||
| Price | $78,300 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.22 AC |
| Zoning | C-2 - Commercial |
1 Lot Available
Lot
| Price | $78,300 | Lot Size | 5.22 AC |
| Price Per AC | $15,000.00 |
| Price | $78,300 |
| Price Per AC | $15,000.00 |
| Lot Size | 5.22 AC |
From Electric RD toward Salem. Left on Apperson/Lee HWY. Slight Right on Shanks Cross RD. Right on Thompson Memorial RD. Across from Billy's Barn & Hanging Rock TRL Great location, Zone C2. 5.22 Acres. Public Water & Sewer.
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Property Taxes
| Parcel Number | 036.10-01-19 | Improvements Assessment | $0 |
| Land Assessment | $78,300 | Total Assessment | $78,300 |
Property Taxes
Parcel Number
036.10-01-19
Land Assessment
$78,300
Improvements Assessment
$0
Total Assessment
$78,300
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