$399,000
Roanoke, VA 24016
MLS# 930443
4 baths
1 / 46
Property 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.
Details
Maps
General Property Description
Construction Status: Completed
Total Acreage: 0.16
Flood Area: No
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 56
Water Class: N/A
Gross Building SqFt: 4600
Retail SqFt: 2500
Warehouse SqFt: 2100
Lease Available: No
Leaseable SqFt: 4600
Year Built: 1900
Total Bths: 4
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Tax ID: 1111117 & 1111118
Annual Taxes: 3951.24
Zoning Code: 400-Commercial/
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
Remarks & Misc
Directions: Corner of Salem Avenue SW
Limited Service
Not Limited Service: 1
Construction
Other - See Remarks: 1
Commercial Type
Office: 1
Retail: 1
Warehouse: 1
Views
City: 1
Business Type
Warehouse: 1
Other: 1
Sale Includes
Building: 1
Building & Land: 1
Other - See Remarks: 1
Heating
Electric: 1
Natural Gas: 1
Miscellaneous Info
Ceiling Height: 16
Door Height: 12
Cooling
Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Levels
Two: 1
Internet Access
Fiber: 1
Cur'nt Internet Prov: Glofiber
Floors
Carpet: 1
Concrete: 1
Laminate: 1
Additional Features
Additional Buildings: 1
Display Window: 1
Fenced: 1
Loading Docks: 1
Overhead Door: 1
Topography
Level: 1
Contract Information
Current Price: $399,000
List Price: $399,000
List Date: 2026-08-14
Status: Active
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
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 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 Office: NEST REALTY SOUTHSIDE
Last Updated: August - 15 - 2026
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