Roanoke, VA — Poe & Cronk Real Estate Group announces the successful sale of 23 Salem Ave, a well-maintained 4,299-square-foot mixed-use building. The property was listed and under contract in less than a month and sold for $620,000 ($144/SF).
Situated on a corner lot in the heart of downtown Roanoke, VA and totaling 4,299 square feet, this 3-unit, 45% occupied mixed-use building offered historic charm with great visibility and immense value-add potential while also providing immediate income and stability. This property had not transferred ownership in nearly 30 years and was purchased by an owner-user as a long-term hold.
Zack May of Poe & Cronk Real Estate Group represented the seller in this transaction.
About Poe & Cronk
Poe & Cronk is a locally owned and internationally recognized leading full-service commercial real estate company. The firm is composed of a team of real estate professionals with more than 300 combined years of experience and billions in real estate transaction knowledge in selling, leasing, and managing commercial, industrial, and investment real estate. In business for more than 35 years, Poe & Cronk provides commercial and investment real estate services throughout western Virginia.
