Stand-Alone Retail Building with
For Sale
$1,595,000
201 Electric Rd, Salem, VA 24153
Class A stand-alone retail building with a fully equipped kitchen on a signalized corner and ample parking.
Property Size7,980 SF
Lot Size1.26 Acres
Price / SF$199.87
Days on Market29
Property Features for 201 Electric Rd
General Information
Standard status
Active
Size
7,980 SF
Class
A
Total Parking Spaces
100
Lot size
1.26 Acres
Property subtype
Retail - Street Retail
Lease Type
NNN
Additional Details
Road Access
Yes
Amenities
fully equipped kitchen
Building Details
Building Size
7,980 SF
Year Built
1989
Listing Agency:
Poe & Cronk Real Estate Group
(540) 353-3646
Listed By:
Thom Hubard, CCIM · License ##0225020834
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 23
Last Checked: Aug 18 at 8:50AM
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 Poe & Cronk Real Estate Group
Investment Insights
Based on property information with market context.
This stand-alone retail building is offered for sale or lease and is presented in Class A condition. The property includes a fully equipped kitchen, making it well-suited for food-service oriented retail concepts that require built-in kitchen facilities.
The building is located at a signalized corner with frontage on busy Electric Rd, accessed from Electric Rd and Springfield Rd. Parking is available on-site with capacity for up to 100 vehicles.
With its freestanding layout and on-site parking, the property provides a straightforward option for tenants or buyers looking for a standalone retail setting with dedicated kitchen improvements and prominent road frontage.
The building is located at a signalized corner with frontage on busy Electric Rd, accessed from Electric Rd and Springfield Rd. Parking is available on-site with capacity for up to 100 vehicles.
With its freestanding layout and on-site parking, the property provides a straightforward option for tenants or buyers looking for a standalone retail setting with dedicated kitchen improvements and prominent road frontage.
Key Highlights
- 7,980 sq. ft. stand‑alone retail building on a 1.26‑acre parcel
- Fully equipped kitchen in the building
- Signalized corner location with frontage on busy Electric Rd, at the corner of Springfield Rd and Electric Rd
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
273
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Class A stand-alone retail building with a fully equipped kitchen on a signalized corner and ample parking.
Where is this retail space located?
The property is located at 201 Electric Rd Salem, VA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 7,980 sq. ft. stand‑alone retail building on a 1.26‑acre parcel; Fully equipped kitchen in the building; Signalized corner location with frontage on busy Electric Rd, at the corner of Springfield Rd and Electric Rd
