1109 Electric Rd Salem, VA 24153
High-Visibility Salem Office, 5,120 SF
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 5,120 SF single-story office building in Salem, VA, on a 0.62-acre lot with 36 parking spaces.
- High-visibility brick building located at 1109 Electric Rd, built in 2004 and renovated in 2015.
- Currently 70% occupied with a lease expiring December 31, 2024; $995,000 asking price ($194.34/SF).
- Strong 5.03% cap rate and $50,000 NOI.
- HBD zoning allows for diverse uses including office, medical, and some retail.
Property Details for 1109 Electric Rd
- Property type
- Office properties, Medical offices
- Square Feet
- 5,120 SF
- Class
- B
- Year Built/Renovated
- 2004/2015
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 27,007 SF
- Units
- 3
Location Insight
- City
- Salem
- County
- Roanoke
- State
- Virginia
- Latitude
- 37.277376308114
- Longitude
- -80.03620679038
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-Visibility Salem Office, 5,120 SF
- Where is the office property located?
- The property is located at 1109 Electric Rd Salem, VA.
- What is the asking price?
- The asking price for this property is $995,000.
- What are key features of this property?
- This property features: 5,120 SF single-story office building in Salem, VA, on a 0.62-acre lot with 36 parking spaces.; High-visibility brick building located at 1109 Electric Rd, built in 2004 and renovated in 2015.; Currently 70% occupied with a lease expiring December 31, 2024; $995,000 asking price ($194.34/SF).
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