167 Sheraton Dr - Commercial LAND FOR SALE


Salem, VA 24153 235,660 SF
$949,999 USD
774-365-8597
167 Sheraton Dr, Salem, VA for Sale
$949,999 USD
Commercial LAND - FOR SALE
1/1
235,660 SF

167 Sheraton Dr
Salem, VA 24153


HIGHLIGHTS

  • Visible from I81 & Electric Road
  • HBD zoning supports a variety of commercial uses.
  • Opportunity Zone location for qualifying investments.
  • Convenient access to Salem, Roanoke, and regional transportation routes.
  • Positioned within the Roanoke Valley business market.
  • Development site suitable for owner-user or investment strategies.

OVERVIEW

167 Sheraton Drive presents a commercial land development opportunity in Salem, Virginia. The approximately 5.41-acre site is positioned with visibility from Interstate 81 and Electric Road (Route 419), placing it along one of the region's primary transportation corridors. The property's location provides convenient access to Salem, Roanoke, and the broader Roanoke Valley, a regional market serving more than 330,000 residents. Salem's business environment benefits from proximity to interstate highways, rail connections, and Roanoke-Blacksburg Regional Airport, supporting a variety of commercial uses. The site is zoned HBD (Highway Business District), a designation intended for intensive commercial and service-oriented development along major transportation routes. This zoning framework supports a range of potential commercial applications, including retail, office, and other business uses, subject to applicable approvals. The property's visibility and accessibility create exposure to interstate travelers and local traffic while maintaining connectivity to established commercial districts throughout the Salem and Roanoke markets. Salem continues to attract business investment due to its strategic location within Southwest Virginia and its access to regional infrastructure. The property's Opportunity Zone designation may provide additional benefits for qualifying investments. Combined with its commercial zoning, transportation access, and development potential, the site offers a platform for owner-users, developers, and investors seeking a location within a well-established regional market.

FOR SALE DETAILS

PRICE

$949,999 USD

PRICE/ACRE

$175,601/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

5.41 ACRES | SHERATON DRIVE, SALEM, VA

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office

LAND ACRES

5.41 AC

LAND SF

235,660 SF

OFFSITE IMPROVEMENTS

-

ZONING

HBD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nick PatelMKB RealtorsMore Info
774-365-8597

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Nick PatelMKB RealtorsMore Info
774-365-8597

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.