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Address501 Salem Ave SW
Tax Number1111315
Use TypeIndustrial
Property TypeBuilding
Square Footage50000
Sale/LeaseSale
Sale Price
$475,000.00
Zoning CodeI-1
Enterprise Zone1A
Flood PlainNo
Realtor NameKrista Vannoy
Realtor Phone540-342-0800
Realtor Emailkvannoy@waldvogelcommercial.com
Attachments
Memo1925 brick warehouse on large lot in Downtown Roanoke. Tremendous potential for redevelopment for office, mixed use, or residential use or to renovate and update for warehouse or light manufacturing use. The building is approximately 50,000 SF plus a 10,000 SF basement in the front section of the building. Part of the building is two stories with a skylight and roof access. Many of the adaptive re-use projects in Downtown Roanoke are happening in this area, including 15 just -finished upscale condos and another 25 residential units planned for completion in approximately 18 months, all within two blocks of this property. For the warehouse/light industrial user, the building features loading docks, existing office area, and surplus fenced land for storage and vehicle parking. The building has not been occupied in quite a while and will require some level of renovation for any use, but has a wonderful location and structure. It is a great opportunity in a strong market.
Added 7/28/2006