167-199 Sheraton DR, Salem, VA 24153

$949,000
Property Type: Land Lot Size (sq. ft.): 235,660 Status: Active
Current Price: $949,000 List Date: 9/02/2026 Last Modified: 9/02/2026

Overview

Description

Four parcels totaling 5.41 acres surrounding established hotel just off potential 3 buildings, 28,750 sf total with ample parking and traffic flow. Excellent potential for commercial, retail, office, flex, industrial, or service-oriented development, subject to zoning and I81 at exit 141 offer many opportunities for development. Owner has concept plan available showing approvals.

Listing Details MLS# 930985

Location, Tax & Legal

Area
0300 - City of Salem
Street Number
167-199
Street Name
Sheraton
Street Suffix
DR
State/Province
VA
Zip Code
24153
Subdivision
N/A
Municipality
City of Salem
Elementary School
G. W. Carver
Middle School
Andrew Lewis
High School
Salem High

General Property Description

Land Type
Unimproved Lot
Land Sub-Type
Commercial Land
Total Acreage
5.41
Manufactured Allowed
No
Water Class
N/A

More Information

Property Features

Limited Service: Not Limited Service Land Description: Hilly Views: Mountain(s) Electric Description: Available Water Description: Public Sewer Description: Public Sewer
Listing Office: MKB, REALTORS®
Last Updated: September - 02 - 2026
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