1929 Apperson DR, Salem, VA 24153

New Listing
$624,950
Property Type: Commercial Lot Size (sq. ft.): 37,897 Status: Active
Current Price: $624,950 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

Investment property for sale. It is strategically located along the main corridor linking Salem and Roanoke. This premier property offers great exposure and accessibility. The building is comprised of approximately 6,143 square feet situated on roughly 0.87 acre. It has over 400 feet of road frontage and a daily traffic flow exceeding 21,000+ vehicles. Improvements made by the current owner include a new roof, fresh exterior paint, and cosmetic upgrades; which have enhanced the property's appeal. The sole occupying tenant, Blue Ridge Hydroponics, is a locally owned small business dedicated to educating the community and consumers on growing techniques to foster independence and sustainability. The tenant is in it's first year of a five-year lease which has annual rent escalations.

Supplements: The investment ensures easy management and stable returns.

Listing Details MLS# 918177

Location, Tax & Legal

Area
0300 - City of Salem
Street Number
1929
Street Name
Apperson
Street Suffix
DR
State/Province
VA
Zip Code
24153
Municipality
City of Salem

General Property Description

Construction Status
Completed
Year Built
1954
Total Acreage
0.87
Road Frontage
414
Traffic Count
21000
Flood Area
No
Gross Lot SqFt
38071
On site Parking
Yes
Parking SqFt
5000
Gross Building SqFt
6143
Lease Available
No
Basement Y/N
No
Water Class
N/A

Business Type

Type of Business (Historical Field)
Retail

Income Expenses

Net Operating Income
50368

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Investment Sale Includes: Building & Land Construction: Block; Metal Siding Manufactured Homes: No HUD Tag Water Description: Private Water Sewer Description: Private Sewer Water Heater Type: Tank Water Heater Energy: Electric
Listing Office: EDWIN C HALL ASSOCIATES INC
Last Updated: November - 03 - 2026
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