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- LoopNet Team
4201 Salem Tpke
Roanoke, VA 24017
Salem Turnpike Development Opportunity · Land For Sale
·
1.00 AC
INVESTMENT HIGHLIGHTS
- Residential Development Opportunity
- Used car lot Zoning is Grandfathered
- Good for low income housing
PROPERTY FACTS
DESCRIPTION
Residential and/or commercial development opportunity. This 4.87-acre tract in located about 200 feet west of busy Route 117 (Peters Creek Road). The property consists of 17 parcels. Two are zoned CN and is leased to used vehicle business. The remaining 15 parcels are zoned R-5 Residential. The property has a total of 872 feet of road frontage. The 14 Salem Turnpike Residential parcels are 50 feet wide with depths from 222 feet to 275 feet. The 2 corner parcels are 122 feet & 50 feet wide. This entire tract could be cleared and developed as lower cost residential properties, similar to the neighborhood behind the tract. Some rezoning may be necessary. There is electricity, water and sewer to the commercial parcels and electricity, water and sewer to along the street on the residential parcels.
PROPERTY TAXES
| Parcel Number | 6050217 | Improvements Assessment | $17,500 |
| Land Assessment | $43,400 | Total Assessment | $60,900 |
PROPERTY TAXES
