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$399,000
4 ba
701-707 Salem AVE SW
Roanoke, VA 24016
Pending
20 days on market
Property Type
Commercial Sale
Year Built
1900
Lot Size
0.16 acres
Garage
—
About This Property
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. 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.
Property Details
Interior
- Bathrooms
- 4
Exterior & Lot
- Lot Size
- 0.16 acres
- Year Built
- 1900
Location
- County
- City of Roanoke
- ZIP Code
- 24016
Financial
- Annual Taxes
- $3,951
Utilities
- Sewer
- Public Sewer
Schools
Heating
Electric, Natural Gas
Cooling
Electric
Location
Listing Information
- MLS #
- 930443
- Listing Agent
- BAILEY JENKINS
- Listing Office
- NEST REALTY SOUTHSIDE
- Listed Date
- Aug 15, 2026
Contact Brian Deacon About This Property
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