Sheraton Drive - 5.41 ACRES | SHERATON DRIVE, SALEM, VA 5.41 Acres of Commercial Land Offered at $949,999 in Salem, VA 24153

167,173,195,199 Sheraton Drive presents 4 parcels commercial land development opportunity in Salem, Virginia. The approximately 5.41-acre site is positioned with visibility from Interstate 81 and Electric Road (Route 419), placing it along one of the region's primary transportation corridors. The property's location provides convenient access to Salem, Roanoke, and the broader Roanoke Valley, a regional market serving more than 330,000 residents. Salem's business environment benefits from proximity to interstate highways, rail connections, and Roanoke-Blacksburg Regional Airport, supporting a variety of commercial uses.
The site is zoned HBD (Highway Business District), a designation intended for intensive commercial and service-oriented development along major transportation routes. This zoning framework supports a range of potential commercial applications, including retail, office, and other business uses, subject to applicable approvals. The property's visibility and accessibility create exposure to interstate travelers and local traffic while maintaining connectivity to established commercial districts throughout the Salem and Roanoke markets.
Salem continues to attract business investment due to its strategic location within Southwest Virginia and its access to regional infrastructure. The property's Opportunity Zone designation may provide additional benefits for qualifying investments. Combined with its commercial zoning, transportation access, and development potential, the site offers a platform for owner-users, developers, and investors seeking a location within a well-established regional market.