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    1300-1328 W Main St Salem, VA 24153

    For Lease
    Contact for pricing

    Retail space for lease in Salem's busiest retail corridor.

    Property size:
    8,000 SF
    Lot size:
    3.77 Acres

    Property Features for 1300-1328 W Main St

    General Information

    Size
    8,000 SF
    Lot size
    3.77 Acres

    Source: Andy Mullins Commercial Real Estate Agent Andy Mullins

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

    Overview

    Retail Space in Mill Lane Commons

    Mill Lane Commons, located in Salem, Virginia, offers retail space for lease. Situated in Salem's busiest retail corridor, the property benefits from its location near numerous national and regional tenants. The property has multiple ingress and egress points on West Main Street, and motorists can make left turns into the center from West Main Street. The location at the signalized intersection of West Main Street and Mill Lane provides excellent accessibility. The property includes 185 parking spaces and 340 feet of road frontage. A pylon sign is also present. The tenant mix is dynamic.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Spartan Square, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0779651
    Latitude
    37.2894919

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    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in Salem's busiest retail corridor.
    Where is this shopping center located?
    The property is located at 1300-1328 W Main St Salem, VA.
    What are key features of this property?
    This property features: - Located in Salem's busiest retail corridor.; - Excellent accessibility with multiple ingress/egress points on W. Main Street.; - Motorists can make a left turn into the center from W. Main Street.
    (540) 776-0606
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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
    1300-1328 W Main St Salem, VA 24153
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