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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 Under Contract
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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