$1,470,000

Est. payment -/mo

$1,490,000

1.3%

Est.Price: ?

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1968 MAIN ST W Salem, VA 24153

1,472 SqFt

SOLD DATE : 10/17/2025

Key Details

Sold Price $1,470,000

Property Type Commercial

Sub Type Building

Listing Status Sold

Purchase Type For Sale

Square Footage 1,472 sqft

Price per Sqft $998

MLS Listing ID 662531

Sold Date 10/17/25

HOA Y/N No

Tax Year 2025

Lot Size 2.250 Acres

Acres 2.25

Property Sub-Type Building

Property Description

This freestanding Second-Generation Restaurant Building (Former Sonic Drive-In) was built in 2023 and consists of a 1,472 SF building with a drive- through, a kitchen, and walk-in cooler. It is situated along Salme's business retail corridor, with 23,000 AADT, in a prominent shopping area neighboring Walmart Supercenter and Fool Lion. The total daytime population is 63,695 within a 5-mile radius. Average household income is $91,272 within a 1-mile radius. It is just minutes away from I-81 (Exit 137), 2 miles from Downtown Salem, 5 Miles to Renowned LewisGale Medical Center, and only 10 miles from Roanoke-Blacksburg Regional Airport. The combined land of 2.25 acres has two parcels (#1: 1.28 acres and #2: 0.97 acres). The former Sonic building with a drive through is mostly located on parcel #2. Based on request, the owner is willing to subdivide the land and reposition the property line. The property is also for lease at $9,000 per month, Triple Net lease.