5647 W River Rd - Commercial LAND FOR SALE


Salem, VA 24153 2,123,986 SF
$3,750,000 USD
540-314-1739
5647 W River Rd, Salem, VA for Sale
$3,750,000 USD
Commercial LAND - FOR SALE
1/2
2,123,986 SF

5647 W River Rd
Salem, VA 24153


HIGHLIGHTS

  • ±48-acre industrial development opportunity in Salem, Virginia
  • Excellent regional connectivity via Interstate 81, U.S. Route 460, Roanoke-Blacksburg Regional Airport, and Norfolk Southern Class I rail service
  • Located adjacent to the established Technology Drive industrial corridor, anchored by Mack Trucks and Rhenus Automotive
  • Currently zoned I-2 (Heavy Industrial) and R-1, with strong expectation of rezoning the entire tract to I-2
  • Ideal for manufacturing, distribution, logistics, warehousing, and service-industrial uses
  • Electric service on-site; public water and sewer available across W. River Road

OVERVIEW

The property consists of approximately 48 acres located at 5647 W. River Road in Salem, Virginia, positioned less than 2 miles from Interstate 81 (Exit 132 – Dixie Caverns). The site offers excellent regional access to the Roanoke Valley and the New River Valley, with convenient connectivity to U.S. Route 460 and surrounding industrial and employment centers. The parcel is currently zoned a combination of I-2 (Heavy Industrial) and R-1, with a strong expectation that Roanoke County would support rezoning of the entire tract to I-2, subject to standard approvals. Given its size, zoning framework, and proximity to major transportation corridors, the site is well-suited for industrial development, including manufacturing, distribution, or service-oriented industrial uses. The subject property is located near the Technology Drive industrial corridor in Salem, one of the Roanoke Valley’s most established and successful industrial areas. Technology Drive is anchored by Mack Trucks’ Roanoke Valley Operations, a nationally significant manufacturing facility, along with Rhenus Automotive and other automotive, logistics, and industrial support users. Additional manufacturers, distribution warehouse, and service-oriented industrial businesses in the corridor further reinforce the area’s role as a key employment and production hub. The presence of these users highlights the market’s proven ability to support large-scale industrial operations and underscores the suitability of the subject property for future industrial development. This offering represents a rare opportunity to acquire a large, well-located industrial development tract in a supply-constrained market with strong regional fundamentals and interstate access.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/ACRE

$76,907/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

48 Acre Industrial Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Industrial, Industrial Park, Retail Warehouse, Warehouse

LAND ACRES

48.76 AC

LAND SF

2,123,986 SF

OFFSITE IMPROVEMENTS

Electricity

ZONING

I-2 and R-1

APN/PARCEL ID

064.03-01-25.00-0000,064.03-01-25.01-0000,064.03-01-26.00-0000

ASK ABOUT THIS PROPERTY

Krista VannoyWaldvogel Commercial Properties, Inc.More Info
540-314-1739

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Krista VannoyWaldvogel Commercial Properties, Inc.More Info
540-314-1739

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