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120 Salem Ave SW 53,787 SF Specialty Building Offered at $8,903,115 CAD in Roanoke, VA 24011

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Investment Highlights

32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment
High Load Capacity: 250 lbs/SF floors support lab, data, or production uses
Zoning: D-Downtown District – flexible for office, retail, hospitality, or residential

Super Heavy Power: ~3 MW electrical capacity
Ceiling Heights: soaring 20–42 ft, perfect for creative or industrial volumes
Enterprise Zone Incentives – state and local redevelopment tax credits available

Executive Summary

Owner is open to a joint venture, additional lot suitable for hotel,
Dock-High & Drive-In Loading for versatile logistics and production uses
Brick & Glass Façade with authentic industrial architecture
Mezzanine-ready structure for loft offices or event overlooks
Adjacent to City Skywalk and steps from civic, state, and federal buildings
Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile)
Regional Access: Easy connection to I-581, Amtrak, Greenways, and Roanoke-Blacksburg Regional Airport

120 SALEM AVE OM 2025

Offering Memorandum

Property Facts

Price	$8,903,115 CAD	Lot Size	1.17 AC
Price Per SF	$165.53 CAD	Building Size	53,787 SF
Sale Type	Investment or Owner User	No. Stories	3
Sale Conditions	Lease Option Redevelopment Project Building in Shell Condition	Year Built	2003
Property Type	Specialty General Retail Bar General Retail Restaurant OfficeLoft Creative Space	Parking Ratio	0.84/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	D - Downtown commercial

Price	$8,903,115 CAD
Price Per SF	$165.53 CAD
Sale Type	Investment or Owner User
Sale Conditions	Lease Option Redevelopment Project Building in Shell Condition
Property Type	Specialty General Retail Bar General Retail Restaurant OfficeLoft Creative Space
Building Class	B
Lot Size	1.17 AC
Building Size	53,787 SF
No. Stories	3
Year Built	2003
Parking Ratio	0.84/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	D - Downtown commercial