1940 W Main ST, Salem, VA 24153
$1,400,000
Property Type:
Commercial
Lot Size (sq. ft.):
35,719
Status:
Active
Current Price:
$1,400,000
List Date:
6/28/2025
Last Modified:
11/24/2025
Description
This fantastic location started it's life as a Bojangles back in 1983. Most recently it was The Tokyo Express. Mostly gutted, it being sold ''as is,,where is'' For it's new life as a restaraunt not specializing in CHICKEN. It is available for a net lease at $90K per year.
More Information MLS# 918680
General Property Description
Construction Status: Completed
Total Acreage: 0.82
Road Frontage: 130
Traffic Count: 23000
Flood Area: Yes
Gross Lot SqFt: 35983
On site Parking: Yes
Parking Spaces: 52
Water Class: N/A
Lease Available: Yes
Year Built: 1983
Location, Tax & Legal
Major Area: 03 - City of Salem
Legal: PT LTS 5&6 0.824AC
Tax ID: 38.2-6.1
Annual Taxes: 10186
Area: 0300 - City of Salem
Street Number: 1940
Street Direction Pfx: W
Street Name: Main
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: Just off exit 137 toward Salem on W Main Property on right.
Limited Service
Not Limited Service: 1
Commercial Type
Retail: 1
Business Type
Type of Business (Historical Field): Restaurant
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Contract Information
Current Price: $1,400,000
List Price: $1,400,000
List Date: 2025-06-26
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Retail
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Listing Office:
JMAX PROPERTY MANAGEMENT LLC
Last Updated: November - 24 - 2025
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.