Property sale / Lease

Poe & Cronk Announces Sale of Retail Investment Property

SALEM, VA – Poe & Cronk Real Estate Group today announced the sale of a retail investment property located at 124 W. Main Street and 16 Chestnut Street in Salem, VA. This property features two buildings on a 0.90-acre site. The property sold for $775,000. Ridge View Bank plans to develop the land for a bank branch.

Peter Ostaseski, CCIM and Stephen Pendergrass facilitated this transaction representing the Seller and Thom Hubard, CCIM represented the Purchaser.

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