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722-726 Roanoke St
Salem, VA 24153

$825,000 USD

Research And Development For Sale • 7,125 SF

Property Details

Property Type Research And Development
Total Building Size 7,125 SF
Lot Size 0.5 AC
Building Class C
Year Built 1994
Tenancy Multiple
Zoning LM

0 Transit Score

47 Walk Score

Description

Industrial investment property for sale in Salem, Virginia.  Approximately 7,125 square feet improvements which are situated on .48 acre.  Two modern metal flex buildings which can accommodate five tenants.  Two units, 3,000 square feet, are combined and occupied by the seller who will vacate at settlement.  All units have drive-in access.  Single phase and three phase power on site.  All units are climate controlled.  Zoned Light Manufacturing.  Great rental income potential with short-term leases in place.  Can be owner occupied while generating income.  Priced to sell.
Located one block from 4th Street and 300 yards from Lowes in a vibrant commercial area. Convenient access to Route 419 and Interstate-81.

                
                    Highlights
                
                                Rare industrial investment opportunity
                            
                                Flexibility to lease or owner occupy
                            
                                Climate controlled space
                            
                                Three-phase power on-site
                            
                                Drive-in access
                            
                                Convenient location

Major Tenants

Tenant	SF Occupied	Lease End Date
722AB tennant	3,000 SF	4/30/2025
722C tenant	1,500 SF	8/31/2025
724 tenant	1,200 SF	9/30/2025
726 tenant	1,500 SF	4/30/2025

Amenities

24 Hour Access
Signage
Storage Space
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Roanoke (Northeast Regional - Amtrak)	19 min	-	7.7 mi
Airport	Drive	Walk	Distance
Roanoke/Blacksburg Regional (Woodrum Field)	21 min	-	8.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Thomas Turner, CCIM, SIOR 540-857-5858 Hall Associates, Inc.

722-726 Roanoke St Salem, VA 24153