$275,000
Salem, VA 24153
MLS# 928275
1 baths
1 / 46
Property Description
High-visibility Salem commercial property on a premier corner lot facing South Colorado Street! Featuring high traffic counts and excellent exposure, this classic brick structure is zoned for commercial use and is ideal for a law office, accounting firm, or professional services. The main level showcases beautiful hardwood floors, a welcoming lobby/reception area with built-in bookshelves, two private offices, a kitchen area, and a restroom. The carpeted upper attic includes a window A/C unit and serves as excellent storage or administrative space. Key capital improvements include a new architectural shingle roof (2024) and updated gas heat/central air (2021). Complete with a detached garage, parking for 5 vehicles, and a prime location near the Roanoke River and Roanoke River Greenway.
Details
Maps
General Property Description
Lot Dimensions: 75 X 150 X 54.40 X 153
Construction Status: Completed
Total Acreage: 0.24
Flood Area: Yes
Gross Lot SqFt: 0.24
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 4
Water Class: N/A
Gross Building SqFt: 1941
Office SqFt: 1294
Lease Available: No
Year Built: 1919
Total Bths: 1
Location, Tax & Legal
Major Area: 03 - City of Salem
Subdivision Map: Riverlee
Legal: Lot 4 Riverlee
Tax ID: 234-1-3
Annual Taxes: 2289
Area: 0300 - City of Salem
Street Number: 1403
Street Direction Pfx: S
Street Name: Colorado
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: Apperson Drive to Colorado Street to Property on Left or 4th Street to South on Colorado Street to Property on the Right
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Commercial Type
Office: 1
Views
Mountain(s): 1
Business Type
Professional/Office: 1
Sale Includes
Building & Land: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Window Unit(s): 1
Water Description
Public: 1
Documents Available
Elevation Survey: 1
Survey: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Shingle: 1
Levels
One: 1
Floors
Vinyl: 1
Wood: 1
Additional Features
Additional Buildings: 1
Fenced: 1
Topography
Level: 1
Contract Information
Current Price: $275,000
List Price: $275,000
List Date: 2026-06-08
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Office
Business Type: Professional/Office
Sale Includes: Building & Land
Construction: Brick
Roof System: Shingle
Levels: One
Heating: Natural Gas
Cooling: Electric; Window Unit(s)
Floors: Vinyl; Wood
Manufactured Homes: No HUD Tag
Additional Features: Additional Buildings; Fenced
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Documents Available: Elevation Survey; Survey
Topography: Level
Views: Mountain(s)
Supplements
Outstanding structural and mechanical updates offer total peace of mind, including a new architectural shingle roof (2024) and an updated gas heat and central air system (2021). The exterior boasts a fenced lot with a detached garage and dedicated parking area for clients and staff. Situated just steps from the scenic Roanoke River and Roanoke River Greenway, this move-in-ready property perfectly balances high-traffic commercial viability with a highly desirable Salem location. Zoned for commercial use and previously utilized as a successful law office.
Note * Taxes, Square Footage and Lot Size are Estimated by the Listing Agent Based on City of Salem GIS Information. Buyers and Buyers Agents Should Verify All Information.
Listing Office: BARKER REALTY CO
Last Updated: June - 08 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.