129 Mill Lane Salem, VA

Dual Live | Work Space

0.61 acres | 1,120 sqft | Zoned HBD

Dual Live | Work Space  

129 Mill Lane , Salem , VA 24153, US
Asking Price: $164,900

Great live/work opportunity located on 0.61 acres in Salem, VA. Two separate buildings. The main house is a recently renovated large 2 bedroom/1 bath. The 1,120 sqft has all new flooring, paint, & cabinets. It also has all new roof (2 yrs old), vinyl windows, water heater, plumbing throughout, and HVAC (replaced all internal mechanics). 200amp service with washer/dryer hookup and central air. 

The second building is a 720 sqft open floor plan with central air, a half bath, storage room, and utility closet. Multiple water hookups and outlets throughout. Fully insulated with separate power meter from main house.    

Large flat paved area for parking or as a laydown area for materials. Highway Business District zoning allows for a broad variety of business types ranging from detail. City Water with 1,000 gallon septic that was cleaned out 2 yrs ago.  

Also, a great investment opportunity with a CAP rate of around 10% given the historic rental rates. Owner financing available.