124 W Main ST, Salem, VA 24153
$775,000
Property Type:
Commercial
Lot Size (sq. ft.):
39,204
Status:
Closed
Current Price:
$775,000
List Date:
9/04/2020
Last Modified:
9/24/2024
Description
An assemblage of properties including 114 W Main, 124 W Main St, and 16 Chestnut St are now available for development on the western edge of downtown Salem. TOTAL PRICE IS $1,220,000.00. These three parcels total 1.37 acres. There are 210 feet of frontage on W. Main Street and 284 feet of frontage on Chestnut Street. The combined parcels provide for a half city block of developable land. The site is located within the CBD of downtown Salem. There are sidewalks on both sides of the street and the corner of W. Main St. and Chestnut St. is signalized. New construction would be across the street from the First United Methodist Church and adjacent to the recently constructed Salem VA Credit Union
More Information MLS# 873051
General Property Description
Lot Dimensions: 285 x 140
Construction Status: Completed
Total Acreage: 0.9
Road Frontage: 425
Flood Area: No
Gross Lot SqFt: 39204
On site Parking: Yes
Water Class: N/A
Lease Available: No
Year Built: 1975
Location, Tax & Legal
Major Area: 03 - City of Salem
Tax ID: 122-5-1,122-5-2
Annual Taxes: 7200
Area: 0300 - City of Salem
Street Number: 124
Street Direction Pfx: W
Street Name: Main
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: 124 W Main St is located at a signalized corner of W Main and Chestnut St in the CBD of Salem, VA. It is within walking distance to nearby Roanoke College.
Limited Service
Not Limited Service: 1
Commercial Type
Investment: 1
Retail: 1
Business Type
Type of Business (Historical Field): Retail Car Wash CStore
Sale Includes
Building & Land: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Contract Information
Current Price: $775,000
Sold Price: $775,000
List Date: 2020-09-04
Status: Closed
Status Change Info
Ratified Contract Dt: 2021-07-02
Sold Date: 2021-10-15
Sold Price: $775,000
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment; Retail
Sale Includes: Building & Land
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Listing Office: POE & CRONK REAL ESTATE GROUP
Last Updated: September - 24 - 2024
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