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420 Kessler Mill Rd 14,261 SF Flex Building Salem, VA 24153 $775,000 ($54.34/SF)
Investment Highlights
- 14,103 SF industrial building situated on 4.97 acres with a large yard.
- Ceiling heights range from 15’9” to 23’10” for versatile industrial use
- Zoned LM-Light Manufacturing with monument signage at the entrance.
- Multiple dock-height doors and cold storage warehouse included
- Located 3 miles from Interstate 81 and 0.25 miles from US Route 460 Business.
- Offered at $775,000 with storage racking included in the sale.
Executive Summary
Cushman & Wakefield | Thalhimer presents an industrial facility for sale at 420 Kesler Mill Road in Salem, Virginia. This single-story cinderblock building spans 14,103 square feet and sits on a 4.97-acre parcel, offering a large yard and ample parking. The property includes multiple dock-height doors, a cold storage warehouse, high bay ceilings, and two freestanding storage or multi-purpose sheds. Ceiling heights vary from 15’9” in the main warehouse to 23’10” in the high bay section, providing flexibility for a range of light manufacturing or distribution uses.
Strategically located just off Kesler Mill Road, the site offers direct access to major transportation routes, including proximity to Interstate 81 (approximately 3 miles) and US Route 460 Business (0.25 miles), ensuring efficient regional connectivity. The property is zoned LM-Light Manufacturing and features a monument sign at the parking entrance. Utilities are provided by the City of Salem and Roanoke Gas.
With a sales price of $775,000, this property represents an opportunity for owner-users or investors seeking a functional industrial asset in a well-established corridor. Storage racking on the property conveys with the sale, adding operational value for warehousing or logistics operations.
Strategically located just off Kesler Mill Road, the site offers direct access to major transportation routes, including proximity to Interstate 81 (approximately 3 miles) and US Route 460 Business (0.25 miles), ensuring efficient regional connectivity. The property is zoned LM-Light Manufacturing and features a monument sign at the parking entrance. Utilities are provided by the City of Salem and Roanoke Gas.
With a sales price of $775,000, this property represents an opportunity for owner-users or investors seeking a functional industrial asset in a well-established corridor. Storage racking on the property conveys with the sale, adding operational value for warehousing or logistics operations.
Property Facts
| Price | $775,000 | No. Stories | 1 |
| Price Per SF | $54.34 | Year Built | 1957 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 6 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 4.97 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 14,261 SF | ||
| Zoning | LM | ||
| Price | $775,000 |
| Price Per SF | $54.34 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 4.97 AC |
| Rentable Building Area | 14,261 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | LM |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 56-2-2 | Improvements Assessment | $412,300 |
| Land Assessment | $203,200 | Total Assessment | $615,500 |
Property Taxes
Parcel Number
56-2-2
Land Assessment
$203,200
Improvements Assessment
$412,300
Total Assessment
$615,500
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420 Kessler Mill Rd
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