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    1477-1486 W Main St Salem, VA 24153

    For Lease
    Contact for pricing

    Retail space available in grocer-anchored shopping center.

    Property size:
    3,791 SF
    Lot size:
    13.25 Acres

    Property Features for 1477-1486 W Main St

    General Information

    Size
    3,791 SF
    Lot size
    13.25 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Alicia Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Salem Center

    This retail space is located within a grocer-anchored shopping center in Salem. The center is anchored by Kroger and Ollie’s, and includes tenants such as Cato’s and Anytime Fitness. Situated along the main retail corridor, the location benefits from strong demographics and co-tenancy, as well as a high daytime population. Courtyard office suites are also available. The property offers 3791 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Spartan Square, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0829394
    Latitude
    37.2903479

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in grocer-anchored shopping center.
    Where is this shopping center located?
    The property is located at 1477-1486 W Main St Salem, VA.
    What are key features of this property?
    This property features: - Grocer anchored shopping center with Kroger; - Main retail corridor in Salem; - Strong demographics and co-tenancy
    (804) 387-7692
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1477-1486 W Main St Salem, VA 24153
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