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
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.
More Information MLS# 930985
General Property Description
Land Type: Unimproved Lot
Land Sub-Type: Commercial Land
Total Acreage: 5.41
Manufactured Allowed: No
Water Class: N/A
Location, Tax & Legal
Major Area: 03 - City of Salem
Phase: 0
Lot: 0
Block: 0
Tax ID: 4-1-1.1
Annual Taxes: 6474.63
Section: 0
POA Y/N: No
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
Remarks & Misc
Public Remarks: 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.
Directions: 0.5 miles Off Exit # 141 Inter State 81
Limited Service
Not Limited Service: 1
Land Description
Hilly: 1
Views
Mountain(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Electric Description
Available: 1
Contract Information
Current Price: $949,000
List Price: $949,000
List Date: 2026-09-02
Status: Active
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
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.