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327 S College Ave
Salem, VA 24153 Downtown Salem

$2,070,357 USD

Auto Repair For Sale  •  19,941 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 19,941 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 1962
  • Tenancy Single
  • Zoning TBD
0 Transit Score
74 Walk Score

Highlights

Rare Caliber Collision lease structure with tenant responsible for roof maintenance
8 years remaining on a corporate-backed lease (Caliber Collision, backed by publicly traded CWD)
10% rent increases every five years; next increase in April 2028
Established location; tenant has operated successfully here for 7 years
High-income area; average household income within 1 mile: $84,000; Dense infill market; 5-mile population of 90,399
Less than 1 mile from Roanoke College (2,000 students)

Amenities

  • Corner Lot

Public Transportation

Commuter RailDriveWalkDistance
17 min - 6.9 mi
AirportDriveWalkDistance
Roanoke/Blacksburg Regional (Woodrum Field) 18 min - 7.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Eric Vu 888-993-5344 Anchor Point Capital
Eric Vu 888-993-5344 Anchor Point Capital