201 W Main St | Salem, VA 24153
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- LoopNet Team
201 W Main St
Salem, VA 24153
Langhorn Center · Office Property For Sale
Investment Highlights
- This brick office building was renovated in Fall 2016.
- There is a 9% CAP rate based on 100% occupancy.
- The property enjoys a highly visible downtown location.
- The current tenant income is $43,345 with one unit vacant.
PROPERTY FACTS
Property Type
Office
Building Size
4,270 SF
Building Class
C
Year Built/Renovated
1950/2016
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,270 SF
Building FAR
0.34
Lot Size
0.29 AC
Zoning
Downtown - Downtown Zoning
Parking
5 Spaces (1.04 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Central Heating
- Natural Light
- Air Conditioning
About 201 W Main St , Salem, VA 24153
This is a newly renovated 4-Unit retail building with great visibility in Downtown Salem. There are long term tenants (5 year original terms) with one space available for lease. This is ideal for owner occupant or investor with a ready tenant. The property is located in Downtown Salem and within walking distance to shopping, restaurants, local breweries and municipal complex for the City of Salem. The property is located at the corner of W. Main St and Lewis Ave and is across from CVS.
PROPERTY TAXES
| Parcel Number | 122-1-5 | Improvements Assessment | $272,300 |
| Land Assessment | $150,600 | Total Assessment | $422,900 |
PROPERTY TAXES
Parcel Number
122-1-5
Land Assessment
$150,600
Improvements Assessment
$272,300
Total Assessment
$422,900
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