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120 Salem Ave SW 48,162 SF Vacant Industrial Building Roanoke, VA 24011 For Sale
INVESTMENT HIGHLIGHTS
- 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment
- High Load Capacity: 250 lbs/SF floors support lab, data, or production uses
- Zoning: D-Downtown District – flexible for office, retail, hospitality, or residential
- Super Heavy Power: ~3 MW electrical capacity
- Ceiling Heights: soaring 20–42 ft, perfect for creative or industrial volumes
- Enterprise Zone Incentives – state and local redevelopment tax credits available
EXECUTIVE SUMMARY
Dock-High & Drive-In Loading for versatile logistics and production uses
Brick & Glass Façade with authentic industrial architecture
Mezzanine-ready structure for loft offices or event overlooks
Adjacent to City Skywalk and steps from civic, state, and federal buildings
Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile)
Regional Access: Easy connection to I-581, Amtrak, Greenways, and Roanoke-Blacksburg Regional Airport
PROPERTY FACTS
AMENITIES
- Restaurant
- Security System
- Signage
- Roof Terrace
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
120 SALEM AVE | ROANOKE, VA Downtown Adaptive Reuse Opportunity | Power, Scale & Location Property Highlights 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment Super Heavy Power: ~3 MW electrical capacity High Load Capacity: 250 lbs/SF floors support lab, data, or production uses Ceiling Heights: soaring 20–42 ft, perfect for creative or industrial volumes Zoning: D-Downtown District – flexible for office, retail, hospitality, or residential Enterprise Zone Incentives – state and local redevelopment tax credits available Dock-High & Drive-In Loading for versatile logistics and production uses Brick & Glass Façade with authentic industrial architecture Mezzanine-ready structure for loft offices or event overlooks Adjacent to City Skywalk and steps from civic, state, and federal buildings Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile) Regional Access: Easy connection to I-581, Amtrak, Greenways, and Roanoke-Blacksburg Regional Airport Development & Adaptive Reuse Potential Creative Office Conversion: bright, open spaces with exposed materials and mezzanine lounges Innovation or Research Hub: suitable for tech, data, or biotech operations Brewery / Taproom Destination: indoor-outdoor capacity with an authentic industrial shell Urban Loft Redevelopment: high-ceiling residential units with skyline views Civic or Cultural Hub: event space, gallery, or nonprofit/education use Location Advantages In the heart of Roanoke’s urban core, surrounded by 60+ restaurants and shops Walkable to municipal and healthcare campuses Mountain and skyline views of the Blue Ridge from the upper levels Regional Reach: 194 mi to Charlotte | 251 mi to Washington, DC | 403 mi to Philadelphia | 430 mi to Atlanta Ideal For Developers seeking adaptive reuse or mixed-use repositioning Tech, creative, or biomedical tenants requiring power + proximity to Carilion & VT Hospitality or brewery operators seeking iconic downtown architecture Civic or institutional users expanding community-facing programs
| Space | Size | Space Use | Condition | Available |
| Ground | 32,000 SF | Office/Retail | Shell Space | Now |
Ground
| Size |
| 32,000 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
Ground
| Size | 32,000 SF |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
120 SALEM AVE | ROANOKE, VA Downtown Adaptive Reuse Opportunity | Power, Scale & Location Property Highlights 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment Super Heavy Power: ~3 MW electrical capacity High Load Capacity: 250 lbs/SF floors support lab, data, or production uses Ceiling Heights: soaring 20–42 ft, perfect for creative or industrial volumes Zoning: D-Downtown District – flexible for office, retail, hospitality, or residential Enterprise Zone Incentives – state and local redevelopment tax credits available Dock-High & Drive-In Loading for versatile logistics and production uses Brick & Glass Façade with authentic industrial architecture Mezzanine-ready structure for loft offices or event overlooks Adjacent to City Skywalk and steps from civic, state, and federal buildings Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile) Regional Access: Easy connection to I-581, Amtrak, Greenways, and Roanoke-Blacksburg Regional Airport Development & Adaptive Reuse Potential Creative Office Conversion: bright, open spaces with exposed materials and mezzanine lounges Innovation or Research Hub: suitable for tech, data, or biotech operations Brewery / Taproom Destination: indoor-outdoor capacity with an authentic industrial shell Urban Loft Redevelopment: high-ceiling residential units with skyline views Civic or Cultural Hub: event space, gallery, or nonprofit/education use Location Advantages In the heart of Roanoke’s urban core, surrounded by 60+ restaurants and shops Walkable to municipal and healthcare campuses Mountain and skyline views of the Blue Ridge from the upper levels Regional Reach: 194 mi to Charlotte | 251 mi to Washington, DC | 403 mi to Philadelphia | 430 mi to Atlanta Ideal For Developers seeking adaptive reuse or mixed-use repositioning Tech, creative, or biomedical tenants requiring power + proximity to Carilion & VT Hospitality or brewery operators seeking iconic downtown architecture Civic or institutional users expanding community-facing programs
PROPERTY TAXES
| Parcel Number | 101-1001 | Improvements Assessment | $842,600 |
| Land Assessment | $1,515,100 | Total Assessment | $2,357,700 |
PROPERTY TAXES
Presented by
Elliott Inc.
120 Salem Ave SW
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