628 S Colorado St - Office FOR SALE


Salem, VA 24153
$300,000 USD
540-529-1983
628 S Colorado St, Salem, VA for Sale
$300,000 USD
Office - FOR SALE
1/35
null | Request Cap Rate

628 S Colorado St
Salem, VA 24153


HIGHLIGHTS

  • Office, Retail with a separate shop building in the back with it's own electric meter and address.

OVERVIEW

Great commercial opportunity in a highly desirable location just a few blocks from Downtown Salem! Situated on a flat corner lot, this versatile property offers incredible potential for a wide variety of business uses. The building features a welcoming large front porch, a spacious foyer, multiple flexible rooms, and tow half bathrooms, making it ideal for offices, retail, or service-based operations. Ample parking is available with a large lot behind the building, ensuring convenience for clients and staff alike. Additionally, the detached garage - complete with its own address, separate electrical service, and plumbing for a bathroom - provides even more possibilities for expansion, rental income, or a secondary workspace.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,238 SF

ZONING

CBD

APN/PARCEL ID

160-6-7

ASK ABOUT THIS PROPERTY

Scott AvisMKB RealtorsMore Info
540-529-1983

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Scott AvisMKB RealtorsMore Info
540-529-1983

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