For Lease
$22/SF/YR

201 Electric RdSalem, VA 24153

Class A Restaurant, 7,980 SF, 1.26 Acres

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7,980-square-foot Class A retail property, situated on a prominent 1.26-acre corner lot in Salem, Virginia, presents a unique investment opportunity. The single-tenant building, constructed in 1989, boasts a fully equipped kitchen, making it ideally suited for a restaurant or similar use. Located at 201 S Electric Rd, the property benefits from high visibility and accessibility due to its signalized corner location on a busy thoroughfare. Ample parking is provided with a 100-space lot. The building is currently vacant, offering immediate occupancy for a new tenant. The property is zoned HBD within Roanoke County and features a single-story design. This prime location in Salem, VA (zip code 24153) offers significant potential for a variety of retail businesses. The property is available for lease and also for sale at a negotiable price. This is a rare opportunity to acquire a well-maintained, high-traffic retail space in a desirable location. The property's size, amenities, and location combine to create a compelling investment prospect.

Property Details for 201 Electric Rd

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
7,980 SF
Class
A
Year Built
1989
Buildings
1
Stories
1

Unit(s) available at that property

Space
Available Space
Size
7,980 SF
Rate per SF
$22

Location Insight

City
Salem
County
Roanoke
State
Virginia
Latitude
37.29535
Longitude
-80.0282195
201 Electric Rd, Salem, Virginia

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Contacts

Stephen Pendergrass
Stephen Pendergrass
Thom Hubard
Thom Hubard
Visit Broker Website

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201 Electric Rd, Salem, Virginia, 24153

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

201 Electric Rd
  • Stephen Pendergrass
    Stephen Pendergrass
  • Thom Hubard
    Thom Hubard
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