2306 W Riverside Dr - Specialty FOR SALE


Salem, VA 24153
$1,500,000 USD
804-453-8770
2306 W Riverside Dr, Salem, VA for Sale
$1,500,000 USD
Specialty - FOR SALE
1/24
null | Request Cap Rate

2306 W Riverside Dr
Salem, VA 24153


HIGHLIGHTS

  • Profitable agribusiness and/or development opportunity
  • 17 acres zoned R-1 and surrounded by residential development
  • On the banks of the Roanoke River at the Roanoke River Greenway

OVERVIEW

Incredible agribusiness and/or development potential in Salem, VA, Roanoke County. Sits next to the Roanoke River with private access. 17 acres perfect for development! You can also run this existing 30-year very profitable nursery spanning 47,000 square feet of greenhouse space at Riverside Nursery. Lots of potential here. With housing on both sides, this property is ripe for development. If agribusiness is your specialty, this nursery has been a landmark in the community for producing high quality plants for all types of use. It’s a solid brand name! The property has two large wells and one pipe underground that feeds from the Roanoke River, along with two septic systems. There is a small two-bedroom, one bathroom house sitting on the property perfect for a manager or housing for agricultural workers. The owner has set up a perfect foundation for the next owner to build upon. After working in the industry for 35 years, the owner now wants to retire. The potential is endless with new ownership! Additional business information and private tours available upon the execution of a Non-Disclosure Agreement and a verifiable Proof of Funds from a recognized financial institution.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Riverside Nursery and Development Opportunity

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.19 AC

LAND SF

748,796 SF

ZONING

R-1

APN/PARCEL ID

056-01-01-18

ASK ABOUT THIS PROPERTY

Casey ReynoldsWISE LLCMore Info
804-453-8770

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Casey ReynoldsWISE LLCMore Info
804-453-8770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.