901 S Colorado ST, Salem, VA 24153

$400,000
Property Type: Commercial Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $400,000 List Date: 5/16/2025 Last Modified: 11/03/2026

Overview

Description

Two commercial buildings. Building on Colorado is 1,385 +/- SF of Retail/Office space on first floor and 1,015 +/-SF apartment on 2nd floor. Completely remodeled. Corner lot commercial exposure. Hardwood floors throughout. Apartament is 2 bedroom, 1 bath, central heat and A/C, rear deck, fully leased. Building on 7th St is a month-to-month Beauty Salon ($425/month) and a leased residential apartment on the upper floor ($1000/month). Paves, striped parking. Zoned commercial Business district.

Listing Details MLS# 917343

Location, Tax & Legal

Area
0300 - City of Salem
Street Number
901
Street Direction Pfx
S
Street Name
Colorado
Street Suffix
ST
State/Province
VA
Zip Code
24153
Municipality
City of Salem

General Property Description

Construction Status
Completed
Year Built
1950
Total Acreage
0.2
Road Frontage
190
Flood Area
Yes
Gross Lot SqFt
8625
On site Parking
Yes
Gross Building SqFt
3980
Lease Available
No
Water Class
N/A

Business Type

Type of Business (Historical Field)
Retail, Office, Salon

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Office; Retail Construction: Wood Roof System: Metal Heating: Heat Pump Cooling: Heat Pump Floors: Wood Manufactured Homes: HUD Tag - DoubleWide Water Description: Public Sewer Description: Public Sewer
Listing Office: MKB, REALTORS®
Last Updated: November - 03 - 2026
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