Search - NSR Realty Team - REALTORS®

$300,000
628 & 632 S Colorado ST
Salem, VA 24153
MLS# 925808



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Property Description
Great commercial opportunity in a highly desirable location just a few blocks from Downtown Salem! Situated on a flat corner lot, this versatile property offers incredible potential for a wide variety of business uses. The building features a welcoming large front porch, a spacious foyer, multiple flexible rooms, and tow half bathrooms, making it ideal for offices, retail, or service-based operations. Ample parking is available with a large lot behind the building, ensuring convenience for clients and staff alike. Additionally, the detached garage - complete with its own address, separate electrical service, and plumbing for a bathroom - provides even more possibilities for expansion, rental income, or a secondary workspace.

Details
Maps
General Property Description
Construction Status: Completed
Total Acreage: 0.26
Flood Area: No
Gross Lot SqFt: 11250
On site Parking: Yes
Basement Y/N: Yes
Parking Spaces: 8
Water Class: N/A
Gross Building SqFt: 1316
Lease Available: No
Year Built: 1940
Location, Tax & Legal
Major Area: 03 - City of Salem
Legal: Tax Map #160-6-7
Tax ID: 160-6-7
Annual Taxes: 2564.4
Zoning Code: CBD
Area: 0300 - City of Salem
Street Number: 628 & 632
Street Direction Pfx: S
Street Name: Colorado
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: 419 (Electric Rd) to East Main St to Left on S Colorado St, property on Left.
Limited Service
Not Limited Service: 1
Construction
Vinyl: 1
Commercial Type
Office: 1
Views
City: 1
Business Type
Other: 1
Sale Includes
Building & Land: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Natural Gas: 1
Roof System
Shingle: 1
Levels
One: 1
Internet Access
Fiber: 1
Cable: 1
Cur'nt Internet Prov: Cox & Glo Fiber
Floors
Vinyl: 1
Additional Features
Additional Buildings: 1
Overhead Door: 1
Topography
Level: 1
Contract Information
Current Price: $300,000
List Price: $300,000
List Date: 2026-03-24
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Office
Business Type: Other
Sale Includes: Building & Land
Construction: Vinyl
Roof System: Shingle
Levels: One
Heating: Heat Pump
Cooling: Heat Pump
Floors: Vinyl
Manufactured Homes: No HUD Tag
Additional Features: Additional Buildings; Overhead Door
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Natural Gas
Internet Access: Fiber; Cable
Topography: Level

Listing Office: MKB, REALTORS®

Last Updated: March - 24 - 2026

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