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$624,950
1929 Apperson DR
Salem, VA 24153
342 days on market
Property Type
Commercial Sale
Year Built
1954
Lot Size
0.87 acres
Garage
—
About This Property
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. The investment ensures easy management and stable returns.
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.87 acres
- Year Built
- 1954
Location
- County
- City of Salem
- ZIP Code
- 24153
Financial
- Listing Terms
- Annual Taxes
- $3,600
Utilities
- Sewer
- Private Sewer
Schools
Heating
Cooling
Location
Listing Information
- MLS #
- 918177
- Listing Agent
- GAVIN MILES HOLLINGSWORTH
- Listing Office
- EDWIN C HALL ASSOCIATES INC
- Listed Date
- May 23, 2026
Contact Brian Deacon About This Property
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