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23 Salem Ave SE
Roanoke, VA 24011
Corner Building on Salem Ave · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Great Visibility
- Immense Daily Consumer Traffic
- Prime Corner Lot Location in the Heart of Downtown Roanoke
- Convenient Walkability
EXECUTIVE SUMMARY
Presented by Zack May at Poe and Cronk Real Estate Group, 23 Salem Avenue is a rare investment opportunity situated on a corner lot in the heart of downtown Roanoke, VA that won't last long. Totaling 4,299 square feet, this 3 unit, 50% occupied mixed use property offers historic charm with great visibility and immense value-add potential while also providing immediate income and stability. Call (540)855-3643 or email zmay@poecronk.com for more information today before this opportunity is gone.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,299 SF
Building Class
C
Year Built
1903
Price
$650,000
Price Per SF
$151.20
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
D - Located in the heart of downtown Roanoke on a corner lot just one block over from Market Square.
Frontage
AMENITIES
- Bus Line
- Corner Lot
PROPERTY TAXES
| Parcel Number | 4010319 | Improvements Assessment | $411,100 |
| Land Assessment | $108,100 | Total Assessment | $519,200 |
PROPERTY TAXES
Parcel Number
4010319
Land Assessment
$108,100
Improvements Assessment
$411,100
Total Assessment
$519,200
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