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120 Salem Ave

Category:  For Sale

Address

120 Salem Ave SW
Roanoke, VA 24016

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Details

INVESTMENT HIGHLIGHTS

  • This property has direct access to I-581.
  • There is a great volume of space for users requiring high ceilings or to create additional square footage.
  • This is a highly visible and accessible location.
  • Rooftop areas and huge windows offer panoramic views.

 

EXECUTIVE SUMMARY
This is an adaptive re-use opportunity in Roanoke's Central Business District.

 

PROPERTY FACTS

  • Price: $3,065,500    
  • Year Built: 2003
  • Price Per SF: $64
  • Sale type: 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
  • Tenancy: Single
  • Parking Ratio: 0.93/1,000 SF
  • Clear Ceiling Height: 42 FT
  • No. Dock-High Doors/Loading: 3
  • No. Drive-In / Grade-Level Doors: 1
  • Cross-Streets: 2nd St
  • Opportunity Zone: Yes
  • Zoning Code: D

 

AMENITIES

  • Bus Line
  • Security System
  • Air Conditioning

 

UTILITIES 

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating

 

ABOUT 120 SALEM AVE SW, ROANOKE, VA 24011
Waldvogel Commercial Properties, Inc. is pleased to offer for sale this 48,162 +/- SF building on 1.17-acre lot at a prominent corner in Downtown Roanoke.  The property was developed in 2003 to house a state-of-the-art printing press for the regional newspaper.  Construction is a heavy-duty steel and concrete facility with attractive brick and glass facade.  This is an incredible adaptive re-use opportunity to convert a new construction property with significant infrastructure to retail, office, entertainment, hospitality, or mixed-use facility.  The property is zoned D (Downtown) which is commercial zoning specific to Roanoke's Central Business District.  
The building systems include HVAC throughout, combination wet/dry sprinkler systems, four-stop freight elevator, and heavy power.  The property includes a parking lot and a stunning glass and steel pedestrian walkway which spans 2nd Street.  The building footprint is approximately 26,700 SF and the second floor features soaring 42' ceilings.

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