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    1215 W Main St Salem, VA 24153

    For Lease
    Contact for pricing

    Retail space suitable for multiple tenants with high traffic.

    Property size:
    11,200 SF
    Lot size:
    5.97 Acres

    Property Features for 1215 W Main St

    General Information

    Size
    11,200 SF
    Lot size
    5.97 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Clay Taylor

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

    Overview

    Retail Space on West Main

    This retail space offers between 3,500 and 11,200 square feet, suitable for up to three tenants. The location benefits from multiple ingress and egress options and sees over 26,000 average annual daily traffic on West Main Street. Excess parking is available to accommodate a wide variety of uses. The average household income within a 1-mile radius exceeds $106,000. Located on West Main Street, the property is situated in one of the busiest and most desirable retail areas in the region, surrounded by a diverse mix of national tenants and successful local businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0770839
    Latitude
    37.2911633

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    FAQs

    What type of property is this?
    Retail space - Retail space suitable for multiple tenants with high traffic.
    Where is this retail space located?
    The property is located at 1215 W Main St Salem, VA.
    What are key features of this property?
    This property features: - High-traffic location on W Main Street with over 26,000 AADT.; - Suitable for multiple tenants, offering flexible spaces from 3,500 to 11,200 SF.; - High average household income in the immediate area (1-mile radius).
    (804) 819-9948
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    Salem, VA 24153
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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
    1215 W Main St Salem, VA 24153
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