Originally constructed in 1916, the Peacock-Salem Laundry facility operated continuously for nearly a century and played a significant role in Salem’s commercial and industrial history. Today, the property presents a unique redevelopment opportunity within one of the Roanoke Valley’s most vibrant and growing communities. The building contains approximately 18,998 sqft and is situated on +/-0.65 acres with access along two major thoroughfares. Independently listed on the National Register of Historic Places, the property offers strong potential for adaptive reuse including multifamily, mixed use, office, retail, or hospitality redevelopment. Located in a college town at the center of Virginia’s Blue Ridge Mountains, Salem benefits from a growing regional economy driven by healthcare and higher education. The City of Salem maintains a strong pro-business environment, and depending on the proposed redevelopment plans, additional incentives may be available through the municipality.