901 S Colorado ST, Salem, VA 24153
$475,000
Property Type:
Commercial
Lot Size (sq. ft.):
8,712
Status:
Active
Current Price:
$475,000
List Date:
5/16/2025
Last Modified:
10/15/2025
Description
Two commercial buildings. Building on Colorado is 1,385 +/- SF of Retail/Office space on first floor and 1,015 +/-SF apartment on 2nd floor. Completely remodeled. Corner lot commercial exposure. Hardwood floors throughout. Apartament is 2 bedroom, 1 bath, central heat and A/C, rear deck, fully leased. Building on 7th St is a month-to-month Beauty Salon ($425/month) and a leased residential apartment on the upper floor ($1000/month). Paves, striped parking. Zoned commercial Business district.
More Information MLS# 917343
General Property Description
Construction Status: Completed
Total Acreage: 0.2
Road Frontage: 190
Flood Area: Yes
Gross Lot SqFt: 8625
On site Parking: Yes
Water Class: N/A
Gross Building SqFt: 3980
Lease Available: No
Year Built: 1950
Location, Tax & Legal
Major Area: 03 - City of Salem
Legal: Tax Map No. 184-4-8
Tax ID: 184-4-8
Annual Taxes: 3737
Zoning Code: CBD
Area: 0300 - City of Salem
Street Number: 901
Street Direction Pfx: S
Street Name: Colorado
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Municipality: City of Salem
Remarks & Misc
Directions: From Main St take Colorado. Corner of Colorado and 7th St.
Limited Service
Not Limited Service: 1
Construction
Wood: 1
Commercial Type
Office: 1
Retail: 1
Business Type
Type of Business (Historical Field): Retail, Office, Salon
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Income & Expenses
Gross Income: 48000
Gross Expenses: 16750
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
HUD Tag - DoubleWide: 1
Roof System
Metal: 1
Floors
Wood: 1
Contract Information
Current Price: $475,000
List Price: $475,000
List Date: 2025-05-16
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Office; Retail
Construction: Wood
Roof System: Metal
Heating: Heat Pump
Cooling: Heat Pump
Floors: Wood
Manufactured Homes: HUD Tag - DoubleWide
Water Description: Public
Sewer Description: Public Sewer
Listing Office:
MKB, REALTORS®
Last Updated: October - 15 - 2025
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