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722-726 Roanoke St 7,125 SF Vacant Flex Building Salem, VA 24153 $825,000 ($115.79/SF)
INVESTMENT HIGHLIGHTS
- Rare industrial investment opportunity
- Climate controlled space
- Drive-in access
- Flexibility to lease or owner occupy
- Three-phase power on-site
- Convenient location
EXECUTIVE SUMMARY
Industrial investment property for sale in Salem, Virginia. Approximately 7,125 square feet improvements which are situated on .48 acre. Two modern metal flex buildings which can accommodate five tenants. Two units, 3,000 square feet, are combined and occupied by the seller who will vacate at settlement. All units have drive-in access. Single phase and three phase power on site. All units are climate controlled. Zoned Light Manufacturing. Great rental income potential with short-term leases in place. Can be owner occupied while generating income. Priced to sell.
Located one block from 4th Street and 300 yards from Lowes in a vibrant commercial area. Convenient access to Route 419 and Interstate-81.
Located one block from 4th Street and 300 yards from Lowes in a vibrant commercial area. Convenient access to Route 419 and Interstate-81.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$95,000
|
$13.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$95,000
|
$13.33
|
| Taxes |
$5,200
|
$0.73
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,200
|
$0.73
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $95,000 |
| Annual Per SF | $13.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $95,000 |
| Annual Per SF | $13.33 |
| Taxes | |
|---|---|
| Annual | $5,200 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,200 |
| Annual Per SF | $0.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 722AB tennant
- -
- 3,000 SF
- -
- Apr 2025
- 722C tenant
- -
- 1,500 SF
- -
- Aug 2025
- 724 tenant
- -
- 1,200 SF
- -
- Sep 2025
- 726 tenant
- -
- 1,500 SF
- -
- Apr 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 722AB tennant | - | 3,000 SF | - | Apr 2025 | ||
| 722C tenant | - | 1,500 SF | - | Aug 2025 | ||
| 724 tenant | - | 1,200 SF | - | Sep 2025 | ||
| 726 tenant | - | 1,500 SF | - | Apr 2025 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $542,300 (2025) | |
| Land Assessment | $109,200 (2025) | Annual Taxes | $5,200 ($0.73/SF) |
| Improvements Assessment | $433,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$109,200 (2025)
Improvements Assessment
$433,100 (2025)
Total Assessment
$542,300 (2025)
Annual Taxes
$5,200 ($0.73/SF)
Tax Year
2024
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722-726 Roanoke St
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