120 Salem Ave SW 48,162 SF 6% Leased Industrial Building Roanoke, VA 24011 For Sale
INVESTMENT HIGHLIGHTS
- Within walking distance to city, state and federal buildings and more than 60+ restaurants and retail stores.
- 2 stories plus mezzanine offer flexible use
- Walking distance to restaurant and retail shopping
- Highly visible location
- Attractive brick/glass façade with high visibility
EXECUTIVE SUMMARY
Unique landmark opportunity. The Roanoke Region is economically diverse, providing excellent market access and the infrastructure and resources to attract a range of industries, coupled with a low cost of living and doing business as well as unparalleled outdoor amenities. The City of Roanoke is a hub for financial, health care, logistics, legal, and manufacturing for all of western Virginia. The region’s diversified economy includes major operations in banking, insurance, advanced manufacturing, and automotive suppliers. Roanoke is home to one of Virginia’s largest healthcare systems, Carilion Clinic, and the Fralin Biomedical Research Institute.
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | A |
| Lot Size | 1.17 AC |
| Rentable Building Area | 48,162 SF |
| No. Stories | 3 |
| Year Built | 2003 |
| Parking Ratio | 0.93/1,000 SF |
| Clear Ceiling Height | 42’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | 2nd St |
| Opportunity Zone |
Yes |
AMENITIES
- Bus Line
- Security System
- Air Conditioning
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| Ground | 26,708 SF | Industrial | Shell Space | Now |
| 1st Floor | 18,426 SF | Industrial | Shell Space | Now |
Ground
| Size |
| 26,708 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Floor
| Size |
| 18,426 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1 of 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 101-1001 | Improvements Assessment | $842,600 |
| Land Assessment | $1,470,900 | Total Assessment | $2,313,500 |
ZONING
| Zoning Code | D |
