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167 Sheraton Dr - 5.41 ACRES | SHERATON DRIVE, SALEM, VA 5.41 Acres of Commercial Land Offered at $1,317,582 CAD in Salem, VA 24153

Commercial Land Properties Virginia Salem 167 Sheraton Dr, Salem, VA 24153

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Investment Highlights

  • Visible from I81 & Electric Road

Executive Summary

5.41 ACRES | SHERATON DRIVE, SALEM, VA
Prime Commercial Investment & Development Opportunity

Property Facts

Price $1,317,582 CAD Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use
Commercial
  • Retail
  • Office
No. Lots 1 Total Lot Size 5.41 AC
Property Type Land 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 HBD - In Salem, Virginia, the HBD (Highway Business District) is designed for intensive commercial and service uses located along major transportation corridors.
Price $1,317,582 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
Total Lot Size 5.41 AC
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 HBD - In Salem, Virginia, the HBD (Highway Business District) is designed for intensive commercial and service uses located along major transportation corridors.

1 Lot Available

Lot

Price $1,317,582 CAD Lot Size 5.41 AC
Price Per AC $243,545.68 CAD
Price $1,317,582 CAD
Price Per AC $243,545.68 CAD
Lot Size 5.41 AC

±5.41 Acres offering substantial development potential,Strategic Salem location with convenient access to major transportation corridors I81,Excellent potential for commercial, retail, office, flex, industrial, or service-oriented development.

1 1
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Source: Local Logic®

Property Taxes

Parcel Numbers
Multiple
  • 4-1-1.1
  • 3-1-1
  • 4-1-1.2
  • 3-1-2
 Improvements Assessment $0 CAD
Land Assessment $1,269,049 CAD Total Assessment $1,269,049 CAD

Property Taxes

Parcel Numbers
Multiple
  • 4-1-1.1
  • 3-1-1
  • 4-1-1.2
  • 3-1-2
Land Assessment
$1,269,049 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,269,049 CAD
(774) 365-8597

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41736466

  • Date on Market: 2026-08-13

  • Last Updated:

  • Address: 167 Sheraton Dr, Salem, VA 24153

The Land Property at 167 Sheraton Dr, Salem, VA 24153 is currently available for Sale. Contact MKB Realtors for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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167 Sheraton Dr - 5.41 ACRES | SHERATON DRIVE, SALEM, VA
(774) 365-8597 x

167 Sheraton Dr - 5.41 ACRES | SHERATON DRIVE, SALEM, VA

Nick Patel
(774) 365-8597

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