5383 W Main St - Convenience Store FOR SALE


Salem, VA 24153
$649,000 USD
774-365-8597
5383 W Main St, Salem, VA for Sale
$649,000 USD
Convenience Store - FOR SALE
1/3
null | Request Cap Rate

5383 W Main St
Salem, VA 24153


HIGHLIGHTS

  • Gas Staion/ Residence / 1 Acre Commercial Land
  • Highly Visible 0.5 Miles from I81 Exit 132 located on RT 11
  • ADT 18600 - RT 11
  • Renovated in 2024 with existing business infrastructure in place.
  • Commercial land offers flexibility for future expansion opportunities.
  • Positioned within the Roanoke Valley regional trade area.

OVERVIEW

5383 W Main St presents an opportunity to acquire an operating convenience store and fuel station together with additional commercial land along one of Salem's primary commercial corridors. Positioned on West Main Street (US Route 11), the property benefits from direct frontage, established visibility, and convenient access to Interstate 81 via Exit 132, supporting both local customer traffic and regional connectivity. The offering combines an existing income-producing business with real estate ownership, creating flexibility for owner-users, fuel operators, convenience store operators, or investors seeking a property with operational infrastructure already in place. The site's commercial land component provides additional utility for future expansion, redevelopment, or complementary commercial uses, subject to applicable approvals. Salem's location within the Roanoke Valley places the property within a well-established regional market supported by healthcare, education, manufacturing, and transportation-related employment. The property's position along a heavily traveled corridor allows businesses to benefit from visibility to passing motorists while maintaining convenient access to surrounding residential neighborhoods, commercial services, and the broader Interstate 81 corridor. Recent renovations, frontage along West Main Street, and a location near a major interstate interchange enhance the property's appeal for buyers seeking an operational retail asset with future upside potential. The combination of an active business operation, residential component, and commercial land creates multiple avenues for ownership, investment, and long-term value creation. IDEAL FOR Owner-Operator | Investor | Fuel Operator | Convenience Store Operator | Developer Offered for Sale — Business + Real Estate Subject to independent buyer due diligence

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gas Station / Residence / 1 Acre C-Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

-

APN/PARCEL ID

064.01-03-13

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.