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2050 E Main St
Salem, VA 24153
Retail Property For Sale
Investment Highlights
- Ideal for automotive related uses
- Paint booth
- Ample parking
- Seven drive-in doors
- High traffic location
Executive Summary
Great opportunity to own a Salem property that is suitable for automotive repair and related uses. The property is currently operating as Murphy's Auto Body and also has a space leased to a tenant. The upper level will be available for lease beginning on January 1, 2026. The building can be fully occupied if purchased. The building is approximately 3,768 square feet. The upper level of the building has approximately 1,988 square feet with four bay doors. The lower level has approximately 1,780 square feet with three bay doors and a paint booth. The interior includes two offices, a shared restroom, floor drains and one lift on the upper level. It has a low maintenance vinyl exterior with a newly painted metal roof. Ample parking in front and at the rear of the building. Highly visible corner location with 125 feet of frontage on East Main Street. Close to Peters Creek Road. Zoned Highway Business District. It is rare to find a property of this kind on the market. Priced to sell.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,768 SF
Building Class
C
Year Built
1958
Price
$525,000
Price Per SF
$139.33
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
HBD - Highway Business District is a flexible zoning covering a wide range of uses.
Amenities
- 24 Hour Access
- Corner Lot
- Signage
Property Taxes
| Parcel Number | 79-2-23 | Improvements Assessment | $192,200 |
| Land Assessment | $140,200 | Total Assessment | $332,400 |
Property Taxes
Parcel Number
79-2-23
Land Assessment
$140,200
Improvements Assessment
$192,200
Total Assessment
$332,400
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