1940 W Main ST, Salem, VA 24153
$1,400,000
Property Type:
Commercial
Lot Size (sq. ft.):
35,719
Status:
Active
Current Price:
$1,400,000
List Date:
6/28/2025
Last Modified:
11/24/2025
Description
This fantastic location started it's life as a Bojangles back in 1983. Most recently it was The Tokyo Express. Mostly gutted, it being sold ''as is,,where is'' For it's new life as a restaraunt not specializing in CHICKEN. It is available for a net lease at $90K per year.
More Information MLS# 918680
General Property Description
Construction Status: Completed
Total Acreage: 0.82
Road Frontage: 130
Traffic Count: 23000
Flood Area: Yes
Gross Lot SqFt: 35983
On site Parking: Yes
Parking Spaces: 52
Water Class: N/A
Lease Available: Yes
Year Built: 1983
Location, Tax & Legal
Major Area: 03 - City of Salem
Legal: PT LTS 5&6 0.824AC
Tax ID: 38.2-6.1
Annual Taxes: 10186
Area: 0300 - City of Salem
Street Number: 1940
Street Direction Pfx: W
Street Name: Main
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: Just off exit 137 toward Salem on W Main Property on right.
Limited Service
Not Limited Service: 1
Commercial Type
Retail: 1
Business Type
Type of Business (Historical Field): Restaurant
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Contract Information
Current Price: $1,400,000
List Price: $1,400,000
List Date: 2025-06-26
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Retail
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Listing Office: JMAX PROPERTY MANAGEMENT LLC
Last Updated: November - 24 - 2025
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