Multi-Tenant Office
For Sale
Contact for pricing
1109 Electric Rd, Salem, VA 24153
Brick office property with established occupancy and Highway Business District zoning.
Property Size5,120 SF
Days on Market144
Property Features for 1109 Electric Rd
General Information
Standard status
Active
Size
5,120 SF
Property subtype
Office
Zoning
HBD
Occupancy
100%
Net Operating Income
$77,147
Additional Details
Gross Income
$93,193
Building Details
Year Built
2004
Buildings
1
Building Size
5,120 SF
Construction
brick
Tenancy
Multi
Listing Agency:
Investors Real Estate Partners
(540) 682-5974
Listed By:
Jason Fountain · License #0225077081
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 3:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Investors Real Estate Partners
Investment Insights
Based on property information with market context.
This 5,120-square-foot office building contains multiple tenant spaces within a brick-construction property completed in 2004. The building was fully leased effective February 2025, providing an established occupancy profile for an office-focused acquisition.
Located at 1109 Electric Rd in Salem, Virginia, the property is zoned Highway Business District (HBD). The permitted use range includes accounting, insurance, medical, and financial businesses, along with certain retail and industrial applications. The property’s location along Electric Rd supports its commercial setting and visibility.
Located at 1109 Electric Rd in Salem, Virginia, the property is zoned Highway Business District (HBD). The permitted use range includes accounting, insurance, medical, and financial businesses, along with certain retail and industrial applications. The property’s location along Electric Rd supports its commercial setting and visibility.
Key Highlights
- 5,120‑square‑foot multi‑tenant office building
- Brick construction completed in 2004
- Fully leased effective February 2025
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 24153, VA
38,728
Population
16,387
Households
2.4
Avg Household Size
44
Median Age
30%
College-Educated
94%
High-School Grad
101.2 sq mi
ZIP Area
383
Density / Sq Mi
$72,691
Median Household Income
$39,851
Median Earnings
$1,058
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick office property with established occupancy and Highway Business District zoning.
Where is this office building located?
The property is located at 1109 Electric Rd Salem, VA.
What are key features of this property?
This property features: 5,120‑square‑foot multi‑tenant office building; Brick construction completed in 2004; Fully leased effective February 2025
