The former Hillcrest Chevrolet property on Route 107 in Salem has been purchased by Somerset, Ky.-based Southern Petroleum Enterprises for $2.5 million.

The new owners plan to lease the property to three entities, two businesses and a church, according to a statement.

Fred Massa, Industrial Concepts Brokerage (ICB) CEO, handled the listing and coordinated all elements of the transaction for the 3.3 acre property and 31,000-square-foot building.

"Part of the challenge that we all face is finding creative and beneficial ways to re-use property," Massa said. "People who own manufacturing plants or auto dealerships sometimes feel that the only practical way to sell the property is to find a buyer who will use the property for the same purposes, yet often times the key to success in marketing industrial and commercial real estate is to examine what else might also be an appropriate use."