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1900 Mill Ln
Salem, VA 24153

1900 Mill Lane · Land For Sale · 12.20 AC

INVESTMENT HIGHLIGHTS

  • Zoned for light manufacturing
  • Numerous utilities on or adjacent to site
  • Level lot

EXECUTIVE SUMMARY

Property is owned by the City of Salem, Virginia and is negotiable for sale or lease based on quality of prospective buyer/user

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Bank
  • Community Center
  • Convenience Store
  • Daycare Center
  • Distribution
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hold For Investment
  • Hospital
  • Hotel
  • Industrial Live or Work Unit
  • Industrial Park
  • Master Planned Community
  • Medical
  • Neighborhood Center
  • Office Park
  • Research and Development
  • Religious Facility
  • Restaurant
  • Retail Warehouse
  • Schools
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Warehouse
Total Lot Size 12.20 AC

1 LOT AVAILABLE

Lot

Price $1,220,000
Price Per AC $100,000.00
Lot Size 12.20 AC

Property is owned by the City of Salem, Virginia and is negotiable for sale or lease based on quality of prospective buyer/user

DESCRIPTION

Former farm land adjacent to successful industrial park. Less than 2 miles to Interstate 81, exit 137. The independent city of Salem, located in southwestern Virginia, is the Roanoke County seat. This 14.4 square mile community is strategically situated on Interstate 81 in the Roanoke Valley between the Alleghany and Blue Ridge Mountains. Salem has a strong and diverse economy that is conducive to business and industry. Salem is adjacent to the city of Roanoke, 189 miles southwest of Richmond, the state capital, and 250 miles southwest of Washington, D.C. The city of Salem is part of the Roanoke Metropolitan Statistical Area (MSA).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
179-2-1.1
Land Assessment
$889,800
Improvements Assessment
$0
Total Assessment
$889,800

ZONING

Zoning Code LM - Light Manufacturing (Light Manufacturing)
LM - Light Manufacturing (Light Manufacturing)
  • Listing ID: 29232401

  • Date on Market: 8/9/2023

  • Last Updated:

  • Address: 1900 Mill Ln, Salem, VA 24153

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