1929 Apperson DR, Salem, VA 24153
$624,950
Property Type:
Commercial
Lot Size (sq. ft.):
37,897
Status:
Active
Current Price:
$624,950
List Date:
9/01/2026
Last Modified:
9/30/2026
Overview
Description
Supplements:
Listing Details MLS# 918177
Location, Tax & Legal
- Area
- 0300 - City of Salem
- Street Number
- 1929
- Street Name
- Apperson
- Street Suffix
- DR
- State/Province
- VA
- Zip Code
- 24153
- Municipality
- City of Salem
- Major Area
- 03 - City of Salem
- Tax ID
- 279-1-1
- Annual Taxes
- 3600
- Zoning Code
- HBD
General Property Description
- Construction Status
- Completed
- Year Built
- 1954
- Total Acreage
- 0.87
- Road Frontage
- 414
- Traffic Count
- 21000
- Flood Area
- No
- Gross Lot SqFt
- 38071
- On site Parking
- Yes
- Parking SqFt
- 5000
- Gross Building SqFt
- 6143
- Lease Available
- No
- Basement Y/N
- No
- Water Class
- N/A
Business Type
- Type of Business (Historical Field)
- Retail
Income Expenses
- Net Operating Income
- 50368
Remarks & Misc
- Public Remarks
- Investment property for sale. It is strategically located along the main corridor linking Salem and Roanoke. This premier property offers great exposure and accessibility. The building is comprised of approximately 6,143 square feet situated on roughly 0.87 acre. It has over 400 feet of road frontage and a daily traffic flow exceeding 21,000+ vehicles. Improvements made by the current owner include a new roof, fresh exterior paint, and cosmetic upgrades; which have enhanced the property's appeal. The sole occupying tenant, Blue Ridge Hydroponics, is a locally owned small business dedicated to educating the community and consumers on growing techniques to foster independence and sustainability. The tenant is in it's first year of a five-year lease which has annual rent escalations.
- Directions
- From Interstate 81, Exit 141 onto N Electric Road. Travel almost 4 miles and turn Left onto Apperson Drive.
More Information
Limited Service
- Not Limited Service
- Yes
Construction
- Block
- Yes
- Metal Siding
- Yes
Commercial Type
- Investment
- Yes
Sale Includes
- Building & Land
- Yes
Income & Expenses
- Gross Income
- 60000
- Gross Expenses
- 9632
Water Description
- Private Water
- Yes
Sewer Description
- Private Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Investment
Sale Includes:
Building & Land
Construction:
Block; Metal Siding
Manufactured Homes:
No HUD Tag
Water Description:
Private Water
Sewer Description:
Private Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Listing Office:
EDWIN C HALL ASSOCIATES INC
Last Updated: September - 30 - 2026
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