For sale
167-199 Sheraton Dr
Salem, VA 24153
$949,000
- 5.4acres
Listed by Mkb, REALTORS®
About this land.
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.
Facts and features.
The land
- Type
- Land (Unimproved Lot)
Outside and lot
- View
- mountain
- Lot setting
- Hilly
Utilities
- Water source
- Public
Community
- HOA dues
- None
- County
- City Of Salem County
The listing
- Annual tax
- $6,475 (from the listing)
- Source
- Roanoke Valley Association of REALTORS® MLS #930985
Price and status history.
72
days on market
| Date | Event | Price |
|---|---|---|
| Sep 2, 2026 | Listed for sale | $949,000 |
Location.
167-199 Sheraton Dr, Salem, VA 24153
Listing information
Listing courtesy of Mkb, REALTORS®.
Displayed by GRAVITY Real Estate Group.
Information last updated .
Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.
See it in person.
Request a tour.
Pick a day and a time. A GRAVITY agent will reach out to confirm.
Ask a question.
Ask about the home, the neighborhood or the next steps. A GRAVITY agent will reply by email or phone.
Similar homes for sale.
$950,000
3 acresLand
0 Lee Hwy, Troutville
Listing courtesy of Edwin C Hall Associates Inc
New
$979,900
0.66 acresLand
Lot 9 Compass Cove Cir, Moneta
Listing courtesy of Property Navigators LLC
$899,900
0.74 acresLand
Lot 7 Compass Cove Cir, Moneta
Listing courtesy of Wainwright & Co., REALTORS®- Lake
$899,000, price reduced by $400
1.2 acresLand
Lot 2 Harbour Island Ln, Moneta
Listing courtesy of Property Navigators LLC
Nearby sales, last 12 months.
Sold Jun 23, 2026
$210,000
25 acresLand
0 Timberview Rd, Roanoke
14% under asking, 27 days on market
Listing courtesy of Realty One Group Leading Edge
Sold May 27, 2026
$11,500
1 acresLand
TBD Laurel Mountain Drive, Salem
36% under asking, 287 days on market
Listing courtesy of Berkshire Hathaway Home Services Mountain Sky Properties-Blacksburg
Sold May 22, 2026
$390,000
4 bd2 ba2,622 sq ft
5618 Plain View Ave, Roanoke
6% under asking, 68 days on market
Listing courtesy of Berkshire Hathaway Homeservices Premier, REALTORS® - Main
Sold Feb 26, 2026
$287,000
3 bd2 ba1,840 sq ft
2955 Emissary Dr, Roanoke
9% under asking, 81 days on market
Listing courtesy of Real Broker LLC - McLean