1101 Electric Rd Salem, VA 24153

Listing agency INVESTORS REAL ESTATE PARTNERS LLC j***@investorsrep.com Show Phone

Listed by JASON NOEL FOUNTAIN · License #0225077081 Show Phone

Source Exprealty

Added: Mar 6 Updated: Jul 22 at 11:28AM Checked: Jul 22 at 11:28AM

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Investment Insights

Based on property information with market context.

This 2004-built professional office building is positioned along the Electric Road corridor and consists of two office suites. The property is designed to support professional and medical office users, with modern construction, efficient layouts, and ample natural light throughout.

The building includes dedicated on-site parking for tenants and visitors. It is currently leased to two established professional tenants, including a medical office user.

Set on approximately 0.62 acres, the asset offers an in-place income stream through its two-suite configuration while providing additional opportunity as leases roll to market rates.

Key Highlights

• ±5,163 SF professional office building with two office suites
• Built in 2004 and located on approximately ±0.62 acres in Salem, Virginia
• Multi‑tenant setup currently leased to two established professional tenants, including a medical office user

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FAQs

What type of property is this?

Office building - Built in 2004, this multi-tenant office building includes two office suites and dedicated on-site parking.

Where is this office building located?

The property is located at 1101 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: ±5,163 SF professional office building with two office suites; Built in 2004 and located on approximately ±0.62 acres in Salem, Virginia; Multi‑tenant setup currently leased to two established professional tenants, including a medical office user