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
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.
More Information MLS# 914064
General Property Description
Lot Dimensions: 442 x 512
Construction Status: Completed
Total Acreage: 4.27
Flood Area: No
Gross Lot SqFt: 186001
On site Parking: Yes
Basement Y/N: No
Water Class: N/A
Gross Building SqFt: 65760
Industrial SqFt: 59260
Office SqFt: 6500
Warehouse SqFt: 59260
Lease Available: Yes
Leaseable SqFt: 65760
Year Built: 1972
Total Bths: 16
Location, Tax & Legal
Major Area: 03 - City of Salem
Legal: 4.268 AC Commerce Investors LLC Survey
Tax ID: 196/5/3
Annual Taxes: 31700
Zoning Code: LM
Area: 0300 - City of Salem
Street Number: 1342
Street Name: Roanoke
Street Suffix: BLVD
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: 1342 Roanoke Blvd. Salem, VA
Limited Service
Not Limited Service: 1
Construction
Block: 1
Commercial Type
Industrial: 1
Business Type
Type of Business (Historical Field): Multi Tenant Flex Space
Sale Includes
Building & Land: 1
Heating
Natural Gas: 1
Lease Info
Lease Terms: 2-5 Year
Miscellaneous Info
Ceiling Height: 21
Electric Description: 3-Phase
Cooling
Electric: 1
Income & Expenses
Gross Income: 477912
Gross Expenses: 97515
Water Description
Public: 1
Documents Available
Survey: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Other - See Remarks: 1
Levels
One: 1
Floors
Carpet: 1
Concrete: 1
Additional Features
Loading Docks: 1
Overhead Door: 1
Topography
Level: 1
Contract Information
Current Price: $4,900,000
Sold Price: $4,900,000
List Date: 2025-02-03
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-07-01
Sold Date: 2025-09-19
Sold Price: $4,900,000
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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