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5647 W River Rd
Salem, VA 24153
48 Acre Industrial Site · Land For Sale
·
47.63 AC
Investment Highlights
- Interstate Access: Less than 2 Miles from I-81 (Exit 132)
- Large Industrial Site for the Market
- Centrally Located Between the Roanoke and New River Valley Markets
Executive Summary
The property consists of approximately 48 acres located at 5647 W. River Road in Salem, Virginia, positioned less than 2 miles from Interstate 81 (Exit 132 – Dixie Caverns). The site offers excellent regional access to the Roanoke Valley and the New River Valley, with convenient connectivity to U.S. Route 460 and surrounding industrial and employment centers.
The parcel is currently zoned a combination of I-2 (Heavy Industrial) and R-1, with a strong expectation that Roanoke County would support rezoning of the entire tract to I-2, subject to standard approvals. Given its size, zoning framework, and proximity to major transportation corridors, the site is well-suited for industrial development, including manufacturing, distribution, or service-oriented industrial uses.
The subject property is located near the Technology Drive industrial corridor in Salem, one of the Roanoke Valley’s most established and successful industrial areas. Technology Drive is anchored by Mack Trucks’ Roanoke Valley Operations, a nationally significant manufacturing facility, along with Rhenus Automotive and other automotive, logistics, and industrial support users. Additional manufacturers, distribution warehouse, and service-oriented industrial businesses in the corridor further reinforce the area’s role as a key employment and production hub. The presence of these users highlights the market’s proven ability to support large-scale industrial operations and underscores the suitability of the subject property for future industrial development.
This offering represents a rare opportunity to acquire a large, well-located industrial development tract in a supply-constrained market with strong regional fundamentals and interstate access.
The parcel is currently zoned a combination of I-2 (Heavy Industrial) and R-1, with a strong expectation that Roanoke County would support rezoning of the entire tract to I-2, subject to standard approvals. Given its size, zoning framework, and proximity to major transportation corridors, the site is well-suited for industrial development, including manufacturing, distribution, or service-oriented industrial uses.
The subject property is located near the Technology Drive industrial corridor in Salem, one of the Roanoke Valley’s most established and successful industrial areas. Technology Drive is anchored by Mack Trucks’ Roanoke Valley Operations, a nationally significant manufacturing facility, along with Rhenus Automotive and other automotive, logistics, and industrial support users. Additional manufacturers, distribution warehouse, and service-oriented industrial businesses in the corridor further reinforce the area’s role as a key employment and production hub. The presence of these users highlights the market’s proven ability to support large-scale industrial operations and underscores the suitability of the subject property for future industrial development.
This offering represents a rare opportunity to acquire a large, well-located industrial development tract in a supply-constrained market with strong regional fundamentals and interstate access.
Property Facts
1 Lot Available
Lot
| Price | $5,126,625 CAD | Lot Size | 48.76 AC |
| Price Per AC | $105,139.97 CAD |
| Price | $5,126,625 CAD |
| Price Per AC | $105,139.97 CAD |
| Lot Size | 48.76 AC |
Topography on this site is generally level with moderate slope.
Description
The eastern boundary of the property is along the Roanoke River and approximately 4.4 acres of the property is located within a flood zone. The northern portion of the property is bordered by track for Norfolk-Southern. There is electric to the site and public water and sewer is available across W. River Road.
Property Taxes
| Parcel Numbers | Improvements Assessment | $425,988 CAD | |
| Land Assessment | $1,109,538 CAD | Total Assessment | $1,535,527 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,109,538 CAD
Improvements Assessment
$425,988 CAD
Total Assessment
$1,535,527 CAD
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