Farmers Market (Across Street)

    Salem, Virginia
    Prime Downtown Location
    2 W Main ST, Salem, VA 24153
    MLS #820423

    Prime downtown Salem location on West Main Street across from the Salem Farmers market – On National Register of Historic Places and eligible for federal and state historic rehab tax credits of 45% of rehab costs.

    The two attached 2 story brick buildings fronting W. Main St. total 17,030 Gross sq. ft. Currently, the lease is $800 month for the western building and the eastern building is occupied by owner, Ridenhour Music. The 564 sq. ft. detached building in the rear was recently leased at $400 per month. The site is .45 acres and offers about 25 parking spaces on-site, in addition to street parking.  The buildings are heated by natural gas and are served by public water/sewer. Flood insurance required.

    Year Built: +/-1923
    Total Acreage: 0.45± Acre
    Type of Business: Retail/Office
    Zoning Code: DBD (Downtown Business District)
    Tax ID: 122-6-9
    Annual Taxes: $4,742
    Gross Building Sq. Ft.: 17,594
    On-site Parking: Yes 25± spaces
    Basement: Yes
    Flood Area: Yes

    This property is on the National Register of Historic Places and is eligible for up to 45 % State and Federal tax credits for historic rehabilitation.

    Directions

    Corner of W. Main St. and S. Broad St. in Downtown Salem.

    Documents

    Asking Price

    $749,950

    Agent: Boyd Temple, REALTOR (540) 797-3646 (mobile) boyd@woltz.com
    David Boush, REALTOR (540) 871-5810 (mobile) david@woltz.com