1342 Roanoke BLVD, Salem, VA 24153
$4,900,000
Property Type:
Commercial
Baths:
16
Lot Size (sq. ft.):
186,001
Status:
Closed
Current Price:
$4,900,000
List Date:
8/04/2025
Last Modified:
9/23/2025
Overview
Description
Multi-tenant flex building with strong rental history. Redeveloped in 2006, located at the intersection of Roanoke Blvd and Electric Rd. (Route 419) within 3 miles of I-81 via a four-lane divided highway. The location provides easy access to the Roanoke, New River and Shenandoah Valleys. Each of the eight tenant suites features approximately 10% office, a warehouse with 21+ foot ceilings and a mix of dock high loading and drive in doors. A sizable truck court serves the rear of the property providing additional parking for both box trucks and overflow employee parking.
The property is 100% occupied with no vacancy for the past 5 years, 3-phase electric, fully sprinkled with a new steel framed, concrete personnel walkway completed in 2021.
Listing Details MLS# 914064
Location, Tax & Legal
- Area
- 0300 - City of Salem
- Street Number
- 1342
- Street Name
- Roanoke
- Street Suffix
- BLVD
- State/Province
- VA
- Zip Code
- 24153
- Municipality
- City of Salem
- Major Area
- 03 - City of Salem
- Legal
- 4.268 AC Commerce Investors LLC Survey
- Tax ID
- 196/5/3
- Annual Taxes
- 31700
- Zoning Code
- LM
General Property Description
- Construction Status
- Completed
- Year Built
- 1972
- Lot Dimensions
- 442 x 512
- Total Acreage
- 4.27
- Flood Area
- No
- Gross Lot SqFt
- 186001
- On site Parking
- Yes
- Gross Building SqFt
- 65760
- Industrial SqFt
- 59260
- Office SqFt
- 6500
- Warehouse SqFt
- 59260
- Lease Available
- Yes
- Leaseable SqFt
- 65760
- Basement Y/N
- No
- Total Bths
- 16
- Water Class
- N/A
Status Change Info
- Ratified Contract Dt
- 2025-07-01
- Sold Date
- 2025-09-19
Business Type
- Type of Business (Historical Field)
- Multi Tenant Flex Space
Lease Info
- Lease Terms
- 2-5 Year
More Information
Miscellaneous Info
- Ceiling Height
- 21
- Electric Description
- 3-Phase
Remarks & Misc
- Directions
- 1342 Roanoke Blvd. Salem, VA
Limited Service
- Not Limited Service
- Yes
Construction
- Block
- Yes
Commercial Type
- Industrial
- Yes
Sale Includes
- Building & Land
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Electric
- Yes
Income & Expenses
- Gross Income
- 477912
- Gross Expenses
- 97515
Water Description
- Public
- Yes
Documents Available
- Survey
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Roof System
- Other - See Remarks
- Yes
Levels
- One
- Yes
Floors
- Carpet
- Yes
- Concrete
- Yes
Additional Features
- Loading Docks
- Yes
- Overhead Door
- Yes
Topography
- Level
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Industrial
Sale Includes:
Building & Land
Construction:
Block
Roof System:
Other - See Remarks
Levels:
One
Heating:
Natural Gas
Cooling:
Electric
Floors:
Carpet; Concrete
Manufactured Homes:
No HUD Tag
Additional Features:
Loading Docks; Overhead Door
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Documents Available:
Survey
Topography:
Level
Listing Office:
VRC PROPERTIES LLC
Last Updated: September - 23 - 2025
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