1929 Apperson DR, Salem, VA 24153 (MLS# 918177)


$624,950
1929 Apperson DR
Salem, VA 24153
MLS# 918177



1929 Apperson DR, Salem, VA 24153
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1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153 1929 Apperson DR, Salem, VA 24153

Property Description
Investment property for sale. It is strategically located along the main corridor linking Salem and Roanoke. This premier property offers great exposure and accessibility. The building is comprised of approximately 6,143 square feet situated on roughly 0.87 acre. It has over 400 feet of road frontage and a daily traffic flow exceeding 21,000+ vehicles. Improvements made by the current owner include a new roof, fresh exterior paint, and cosmetic upgrades; which have enhanced the property's appeal. The sole occupying tenant, Blue Ridge Hydroponics, is a locally owned small business dedicated to educating the community and consumers on growing techniques to foster independence and sustainability. The tenant is in it's first year of a five-year lease which has annual rent escalations.

Details
Contract Information
Current Price: $624,950
List Price: $624,950
List Date: 2025-06-12
Status: Active
General Property Description
Construction Status: Completed
Year Built: 1954
Total Acreage: 0.87
Road Frontage: 414
Traffic Count: 21000
Flood Area: No
Gross Lot SqFt: 38071
On site Parking: Yes
Parking SqFt: 5000
Gross Building SqFt: 6143
Lease Available: No
Basement Y/N: No
Water Class: N/A
Location Legal Taxes
Area: 0300 - City of Salem
Street Number: 1929
Street Name: Apperson
Street Suffix: DR
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Business Type
Type of Business (Historical Field): Retail
Income Expenses
Net Operating Income: 50368
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment
Sale Includes: Building & Land
Construction: Block; Metal Siding
Manufactured Homes: No HUD Tag
Water Description: Private Water
Sewer Description: Private Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Supplements
The investment ensures easy management and stable returns.

Listing Office: EDWIN C HALL ASSOCIATES INC

Last Updated: April - 01 - 2026

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