1342 Roanoke BLVD, Salem, VA 24153

$4,900,000

Property Type: Commercial Baths: 16 Lot Size (sq. ft.): 186,001 Status: Closed

Current Price: $4,900,000 List Date: 8/04/2025 Last Modified: 9/23/2025

Overview

Description

Multi-tenant flex building with strong rental history. Redeveloped in 2006, located at the intersection of Roanoke Blvd and Electric Rd. (Route 419) within 3 miles of I-81 via a four-lane divided highway. The location provides easy access to the Roanoke, New River and Shenandoah Valleys. Each of the eight tenant suites features approximately 10% office, a warehouse with 21+ foot ceilings and a mix of dock high loading and drive in doors. A sizable truck court serves the rear of the property providing additional parking for both box trucks and overflow employee parking. The property is 100% occupied with no vacancy for the past 5 years, 3-phase electric, fully sprinkled with a new steel framed, concrete personnel walkway completed in 2021.

Listing Details MLS# 914064

Location, Tax & Legal

Area: 0300 - City of Salem
Street Number: 1342
Street Name: Roanoke
Street Suffix: BLVD
State/Province: VA
Zip Code: 24153
Municipality: City of Salem

General Property Description

Construction Status: Completed
Year Built: 1972
Lot Dimensions: 442 x 512
Total Acreage: 4.27
Flood Area: No
Gross Lot SqFt: 186001
On site Parking: Yes
Gross Building SqFt: 65760
Industrial SqFt: 59260
Office SqFt: 6500
Warehouse SqFt: 59260
Lease Available: Yes
Leaseable SqFt: 65760
Basement Y/N: No
Total Bths: 16
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2025-07-01
Sold Date: 2025-09-19

Business Type

Type of Business (Historical Field): Multi Tenant Flex Space

Lease Info

Lease Terms: 2-5 Year

More Information

Miscellaneous Info

Ceiling Height: 21
Electric Description: 3-Phase

Property Features

Limited Service: Not Limited Service Commercial Type: Industrial Sale Includes: Building & Land Construction: Block Roof System: Other - See Remarks Levels: One Heating: Natural Gas Cooling: Electric Floors: Carpet; Concrete Manufactured Homes: No HUD Tag Additional Features: Loading Docks; Overhead Door Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Documents Available: Survey Topography: Level

Listing Office: VRC PROPERTIES LLC

Last Updated: September - 23 - 2025

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