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Smith Mountain Lake Real Estate for Sale

540-721-1488 | 540-529-4229 Cell
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701-707 Salem AVE SW, Roanoke, VA 24016 (MLS# 930443)

701-707 Salem AVE SW, Roanoke, VA 24016

$399,000
Exterior Exterior Apartment Entrance Commercial Entrance Street View Front Windows and Entrance Front Windows Main Front Area Main Front Area Main Front Area Room Half Bath Back Room Back Room Apartment Entrance Apartment Entrance Apartment Apartment Apartment Apartment Apartment Apartment Apartment Apartment Side Storage Gate/Warehouse Warehouse Front Warehouse Loading Dock Warehouse 21-DSC04749 Small Office/Reception Loft Loft Loft Loft Warehouse Warehouse Bathroom Area Bathroom Backyard Back of Commercial Building Back Side Back Patio 1st Floor Plan - 701 Salem Ave 2nd Floor Plan - 701 Salem Ave
Property Type: Commercial Baths: 4 Lot Size (sq. ft.): 6,970 Status: Pending
Current Price: $399,000 List Date: 8/15/2026 Last Modified: 9/02/2026

Overview

Description

701-707 Salem Avenue Southwest presents a unique Downtown Roanoke offering that includes the possibility to operate your business in an up-and-expanding area, or purchase as a fantastic investment for years to come with three different rentable options. Salem Avenue features unbeatable visibility and endless opportunity for a variety of different brick and mortars. Think local grocery market to service the nearby residential buildings, or vintage clothes store, or local café servicing coffee drinks and gourmet pastries. The main commercial building (701) features a total of 2,500 sqft and includes primed retail space on the first level with fresh paint inside and out and a versatile layout.

Supplements: Upstairs you'll find a rentable and move-in-ready two bedroom, one bathroom residential condo to live where you operate or have available for additional income. The neighboring 2,100 sqft warehouse features new exterior paint, two oversized and tall garage doors, two half bathrooms, plus one loading dock on the side for all of your supply or storag ... (Read more) Upstairs you'll find a rentable and move-in-ready two bedroom, one bathroom residential condo to live where you operate or have available for additional income. The neighboring 2,100 sqft warehouse features new exterior paint, two oversized and tall garage doors, two half bathrooms, plus one loading dock on the side for all of your supply or storage needs. The entire 0.16 acre yard is also fenced-in for added security and peace of mind, and is available for additional customer parking or vehicle storage. 701 Salem Avenue has a known historical track record of businesses that include a barber shop, market and sandwich shop, and more. With a functional layout, plentiful mixed commercial square footage, and fabulously convenient location, any operation will be set up to thrive here.

Listing Details MLS# 930443

Location, Tax & Legal

Area
0130 - City of Roanoke - SW
Street Number
701-707
Street Name
Salem
Street Suffix
AVE
Street Direction Sfx
SW
State/Province
VA
Zip Code
24016
Municipality
City of Roanoke
Major Area
01 - City of Roanoke
Tax ID
1111117 & 1111118
Annual Taxes
3951.24
Zoning Code
400-Commercial/

General Property Description

Construction Status
Completed
Year Built
1900
Total Acreage
0.16
Flood Area
No
On site Parking
Yes
Parking Spaces
56
Gross Building SqFt
4600
Retail SqFt
2500
Warehouse SqFt
2100
Lease Available
No
Leaseable SqFt
4600
Basement Y/N
No
Total Bths
4
Water Class
N/A

Status Change Info

Ratified Contract Dt
2026-09-02

Miscellaneous Info

Ceiling Height
16
Door Height
12

Internet Access

Cur'nt Internet Prov
Glofiber
Fiber
Yes

More Information

Remarks & Misc

Public Remarks
701-707 Salem Avenue Southwest presents a unique Downtown Roanoke offering that includes the possibility to operate your business in an up-and-expanding area, or purchase as a fantastic investment for years to come with three different rentable options. Salem Avenue features unbeatable visibility and endless opportunity for a variety of different brick and mortars. Think local grocery market to service the nearby residential buildings, or vintage clothes store, or local café servicing coffee drinks and gourmet pastries. The main commercial building (701) features a total of 2,500 sqft and includes primed retail space on the first level with fresh paint inside and out and a versatile layout.
Directions
Corner of Salem Avenue SW

Limited Service

Not Limited Service
Yes

Construction

Other - See Remarks
Yes

Commercial Type

Office
Yes
Retail
Yes
Warehouse
Yes

Views

City
Yes

Business Type

Warehouse
Yes
Other
Yes

Sale Includes

Building
Yes
Building & Land
Yes
Other - See Remarks
Yes

Heating

Electric
Yes
Natural Gas
Yes

Cooling

Electric
Yes

Water Description

Public
Yes

Sewer Description

Public Sewer
Yes

Manufactured Homes

No HUD Tag
Yes

Water Heater Type

Tank
Yes

Water Heater Energy

Electric
Yes

Levels

Two
Yes

Floors

Carpet
Yes
Concrete
Yes
Laminate
Yes

Additional Features

Additional Buildings
Yes
Display Window
Yes
Fenced
Yes
Loading Docks
Yes
Overhead Door
Yes

Topography

Level
Yes

Property Features

Limited Service: Not Limited Service Commercial Type: Office; Retail; Warehouse Business Type: Warehouse; Other Sale Includes: Building; Building & Land; Other - See Remarks Construction: Other - See Remarks Levels: Two Heating: Electric; Natural Gas Cooling: Electric Floors: Carpet; Concrete; Laminate Manufactured Homes: No HUD Tag Additional Features: Additional Buildings; Display Window; Fenced; Loading Docks; Overhead Door Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Internet Access: Fiber Topography: Level
Listing Office: NEST REALTY SOUTHSIDE
Last Updated: September - 02 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.

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Deborah F. Beran Inc.
dba Deb Beran Properties
6655 Scruggs Road
Moneta, VA 24121
540-721-1488 Office
540-529-4229 Cell

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