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Investment Highlights

  • Acquire 7.2 acres along Salem's primary commercial corridor with HBD (Highway Business District) zoning, providing significant development potential.
  • Excellent visibility along a proven corridor with neighboring tenants like Anytime Fitness, Kroger, Tractor Supply, Sheetz, and Chick-fil-A.
  • Benefit from primed submarket demand, with more than 70,000 residents within a 5-mile radius reporting $888 million in annual consumer spending.
  • Capitalize on growth in the Roanoke Valley, where 2025 economic development projects generated nearly $176 million in investment.

Executive Summary

922 W Main Street presents the opportunity to acquire approximately 7.2 acres in the heart of Salem, Virginia, one of the Roanoke Valley's most established commercial corridors.

Positioned along West Main Street with approximately 30,000 vehicles passing daily, the property offers exceptional visibility, accessibility, and redevelopment potential within a high-traffic retail and business district. The site is zoned HBD (Highway Business District), providing flexibility for a wide range of commercial, retail, hospitality, service, and mixed-use development opportunities.

Located directly adjacent to Lowe's and surrounded by national retailers, restaurants, automotive users, and service providers, 922 W Main Street benefits from a proven commercial environment that attracts consistent consumer traffic. The site's central location provides convenient access to Interstate 81 and the broader Roanoke metropolitan area, positioning future development to serve both local residents and regional visitors.

The surrounding trade area offers strong demographic support, with more than 70,000 residents within a 5-mile radius and average household incomes exceeding $94,000. Within 3 miles, the area includes more than 12,500 households and an average household income of over $101,000, creating a substantial customer base for future retail, service, hospitality, or mixed-use concepts.

As part of the Roanoke region, the property benefits from one of Virginia's most diverse economies, anchored by healthcare, manufacturing, logistics, technology, finance, and professional services. The region serves as the economic hub of western Virginia and draws from a population base of more than 330,000 residents, providing long-term support for commercial investment and development.

Data Room Click Here to Access

Property Facts

Property Type Land
Property Subtype Commercial
Sale Type Investment
Total Lot Size 7.20 AC
Sale Condition Auction Sale
Type of Ownership Fee Simple
Zoning HBD - Highway Business District

1 Lot Available

Lot

Lot Size 7.20 AC
Parcel Number 142-1-1.2
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Sale Advisor

Sale Advisor

Alex Wotring, Senior Vice President
Alex is a member of the Retail Services Group at Cushman & Wakefield | Thalhimer and specializes in both tenant and landlord representation.  One of his principal areas of focus and expertise is tenant site selection across Virginia for strategic site development.  While at Thalhimer, he has represented a wide spectrum of clients that range from Fortune 500 corporations to small local operators with one or two properties.  As a previous multi-unit franchisee, Alex has insight and experience in retail operations and business development that are beneficial to his clients.  Alex is dedicated to maximizing value for his clients by combining first-class service and market knowledge to deliver the right real estate solutions.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More

Auction Contact

Pace Zambito
Auctioneer License: Ten-X Jessica Anne Figueroa RE Brkr 0226033409
  • Listing ID: 20199580

  • Date on Market: 2026-08-28

  • Last Updated:

  • Address: 922 W Main St, Salem, VA 24153

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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