5647 W River Rd
- ±48-acre industrial development opportunity in Salem, Virginia, strategically positioned between the two major employment markets of Roanoke Valley and New River Valley
- Excellent regional connectivity via Interstate 81, U.S. Route 460, Roanoke-Blacksburg Regional Airport, and Norfolk Southern Class I rail service
- Located adjacent to the established Technology Drive industrial corridor, anchored by Mack Trucks and Rhenus Automotive and home to other major employers and manufacturers
- Currently zoned I-2 (Heavy Industrial) and R-1, with strong expectation of rezoning the entire tract to I-2
- Ideal for manufacturing, distribution, logistics, warehousing, and service-industrial uses
- Generally level topography with moderate slopes
- Electric service on-site; public water and sewer available across W. River Road
- Rail line borders the northern property boundary, offering potential industrial advantages
Property Description
The property consists of approximately 48 acres located at 5647 W. River Road in Salem, Virginia, positioned less than 2 miles from Interstate 81 (Exit 132 – Dixie Caverns). The site offers excellent regional access to the Roanoke Valley and the New River Valley, with convenient connectivity to U.S. Route 460 and surrounding industrial and employment centers. The parcel is currently zoned a combination of I-2 (Heavy Industrial) and R-1, with a strong expectation that Roanoke County would support rezoning of the entire tract to I-2, subject to standard approvals. Given its size, zoning framework, and proximity to major transportation corridors, the site is well-suited for industrial development, including manufacturing, distribution, or service-oriented industrial uses. The subject property is located near the Technology Drive industrial corridor in Salem, one of the Roanoke Valley’s most established and successful industrial areas. Technology Drive is anchored by Mack Trucks’ Roanoke Valley Operations, a nationally significant manufacturing facility, along with Rhenus Automotive and other automotive, logistics, and industrial support users. Additional manufacturers, distribution warehouse, and service-oriented industrial businesses in the corridor further reinforce the area’s role as a key employment and production hub. The presence of these users highlights the market’s proven ability to support large-scale industrial operations and underscores the suitability of the subject property for future industrial development. This offering represents a rare opportunity to acquire a large, well-located industrial development tract in a supply-constrained market with strong regional fundamentals and interstate access.
Broker Details
Waldvogel Commercial Properties 540-342-0881
MLS ID: 20060310190425045255000000
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $3,750,000 |
| Year Built: | 1976 |
| Lot Size: | 48.76 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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