$800,000
124 W Main ST
Salem, VA 24153
MLS# 873051



124 W Main ST, Salem, VA 24153
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124 W Main ST, Salem, VA 24153 124 W Main ST, Salem, VA 24153 124 W Main ST, Salem, VA 24153 124 W Main ST, Salem, VA 24153

Property 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

Details
Maps
Contract Information
Current Price: $800,000
List Price: $800,000
List Date: 2020-09-04
Status: Active
General Property Description
Construction Status: Completed
Year Built: 1975
Type of Business: Retail Car Wash CStore
Lot Dimensions: 285 x 140
Total Acreage: 0.9
Road Frontage: 425
Flood Area: No
Gross Lot SqFt: 39204
On site Parking: Yes
Lease Available: No
Water Class: N/A
Location, Legal & Taxes
Major Area: 03 - City of Salem
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
Tax ID: 122-5-1,122-5-2
Annual Taxes: 7200
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.
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment; Retail
Sale Includes: Building & Land
Manufactured Homes: No HUD Tag
Water Description: Public Water
Sewer Description: Public Sewer

Listing Office: POE & CRONK REAL ESTATE GROUP

Last Updated: November - 27 - 2020

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