120 Salem Ave

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.