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135 Salem Ave Sw, Roanoke, VA 24011

$1,595,000

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List Price: $1,595,000
Price Change: ▼ $200,000 1780947078
Days on Market: 140
Status: PENDING
MLS#: 924529
Lot Size (Acres): 0.08
Year Built: 1906

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Property Description

135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside. The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator. 135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.

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Additional Information

Area: 0110 - City of Roanoke - Downtown
Subdivision: N/A
Neighborhood: 0110 - City of Roanoke - Downtown
Taxes: $16,922
Heating: Forced Air, Heat Pump
Cooling: Central Air
Water: Public
Sewer: Public Sewer
Elementary School: Highland Park
Middle School: James Madison
High School: William Fleming
Remarks: 135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside. The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator. 135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.