124 W Main ST, Salem, VA 24153
$775,000
Property Type:
Commercial
Lot Size (sq. ft.):
39,204
Status:
Closed
Current Price:
$775,000
List Date:
9/04/2020
Last Modified:
9/24/2024
Overview
Description
An assemblage of properties including 114 W Main, 124 W Main St, and 16 Chestnut St are now available for development on the western edge of downtown Salem. TOTAL PRICE IS $1,220,000.00. These three parcels total 1.37 acres. There are 210 feet of frontage on W. Main Street and 284 feet of frontage on Chestnut Street. The combined parcels provide for a half city block of developable land. The site is located within the CBD of downtown Salem. There are sidewalks on both sides of the street and the corner of W. Main St. and Chestnut St. is signalized. New construction would be across the street from the First United Methodist Church and adjacent to the recently constructed Salem VA Credit Union
Listing Details MLS# 873051
Location, Tax & Legal
- Area
- 0300 - City of Salem
- Street Number
- 124
- Street Direction Pfx
- W
- Street Name
- Main
- Street Suffix
- ST
- State/Province
- VA
- Zip Code
- 24153
- Municipality
- City of Salem
- Major Area
- 03 - City of Salem
- Tax ID
- 122-5-1,122-5-2
- Annual Taxes
- 7200
General Property Description
- Construction Status
- Completed
- Year Built
- 1975
- Lot Dimensions
- 285 x 140
- Total Acreage
- 0.9
- Road Frontage
- 425
- Flood Area
- No
- Gross Lot SqFt
- 39204
- On site Parking
- Yes
- Lease Available
- No
- Water Class
- N/A
Status Change Info
- Ratified Contract Dt
- 2021-07-02
- Sold Date
- 2021-10-15
Business Type
- Type of Business (Historical Field)
- Retail Car Wash CStore
Remarks & Misc
- Directions
- 124 W Main St is located at a signalized corner of W Main and Chestnut St in the CBD of Salem, VA. It is within walking distance to nearby Roanoke College.
More Information
Limited Service
- Not Limited Service
- Yes
Commercial Type
- Investment
- Yes
- Retail
- Yes
Sale Includes
- Building & Land
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Investment; Retail
Sale Includes:
Building & Land
Manufactured Homes:
No HUD Tag
Water Description:
Public
Sewer Description:
Public Sewer
Listing Office:
POE & CRONK REAL ESTATE GROUP
Last Updated: September - 24 - 2024
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