167-199 Sheraton DR, Salem, VA 24153 (MLS# 930985)

$949,000

167-199 Sheraton DR
Salem, VA 24153
MLS# 930985

1 / 6

Property Description
Four parcels totaling 5.41 acres surrounding established hotel just off potential 3 buildings, 28,750 sf total with ample parking and traffic flow. Excellent potential for commercial, retail, office, flex, industrial, or service-oriented development, subject to zoning and I81 at exit 141 offer many opportunities for development. Owner has concept plan available showing approvals.

Details

General Property Description

Land Type: Unimproved Lot

Land Sub-Type: Commercial Land

Total Acreage: 5.41

Manufactured Allowed: No

Water Class: N/A

Location, Tax & Legal

Major Area: 03 - City of Salem

Phase: 0

Lot: 0

Block: 0

Tax ID: 4-1-1.1

Annual Taxes: 6474.63

Section: 0

POA Y/N: No

Area: 0300 - City of Salem

Street Number: 167-199

Street Name: Sheraton

Street Suffix: DR

State/Province: VA

Zip Code: 24153

Subdivision: N/A

Municipality: City of Salem

Elementary School: G. W. Carver

Middle School: Andrew Lewis

High School: Salem High

Remarks & Misc

Public Remarks: Four parcels totaling 5.41 acres surrounding established hotel just off potential 3 buildings, 28,750 sf total with ample parking and traffic flow. Excellent potential for commercial, retail, office, flex, industrial, or service-oriented development, subject to zoning and I81 at exit 141 offer many opportunities for development. Owner has concept plan available showing approvals.

Directions: 0.5 miles Off Exit # 141 Inter State 81

Limited Service

Not Limited Service: 1

Land Description

Hilly: 1

Views

Mountain(s): 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Electric Description

Available: 1

Contract Information

Current Price: $949,000

List Price: $949,000

List Date: 2026-09-02

Status: Active

Property Features

Limited Service: Not Limited Service

Land Description: Hilly

Views: Mountain(s)

Electric Description: Available

Water Description: Public

Sewer Description: Public Sewer

Listing Office: MKB, REALTORS®

Last Updated: September - 02 - 2026

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