1968 W Main St - Fast Food FOR SALE


Salem, VA 24153
$1,490,000 USD
540-820-7008
1968 W Main St, Salem, VA for Sale
$1,490,000 USD
Fast Food - FOR SALE
1/39
null | Request Cap Rate

1968 W Main St
Salem, VA 24153


OVERVIEW

This freestanding Second-Generation Restaurant Building (Former Sonic Drive-In) was built in 2023 and consists of a 1,472 SF building with a drive- through, a kitchen, and walk-in cooler. It is situated along Salme’s business retail corridor, with 23,000 AADT, in a prominent shopping area neighboring Walmart Supercenter and Fool Lion. The total daytime population is 63,695 within a 5-mile radius. Average household income is $91,272 within a 1-mile radius. It is just minutes away from I-81 (Exit 137), 2 miles from Downtown Salem, 5 Miles to Renowned LewisGale Medical Center, and only 10 miles from Roanoke-Blacksburg Regional Airport. The combined land of 2.25 acres has two parcels (#1: 1.28 acres and #2: 0.97 acres). The former Sonic building with a drive through is mostly located on parcel #2. Based on request, the owner is willing to subdivide the land and reposition the property line. The property is also for lease at $9,000 per month, Triple Net lease.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$1,012 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Sonic Drive-In Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

HBD

APN/PARCEL ID

138-2-4

ASK ABOUT THIS PROPERTY

Keith MayCottonwood CommercialMore Info
540-820-7008

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Keith MayCottonwood CommercialMore Info
540-820-7008

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