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Renovated Shopping Center
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1306 W Main St, Salem, VA 24153

Multi-tenant retail center with signalized access, ample parking, multiple entry points, and pylon signage.

Space Size1,742 SF - 8,000 SF
Property Size45,150 SF
Days on Market68

Property Features for 1306 W Main St

General Information

Standard status Active
Size 1,742 SF - 8,000 SF
Total Parking Spaces 182
Property subtype Retail

Amenities

signalized intersection
pylon sign
multiple points of ingress and egress

Building Details

Building Size 45,150 SF
Year Built 2003
Year Renovated 2026

Spaces For Lease

at 1306 W Main St Contact us

1302 W. Main Street

Size
8,000 SF
Type
End Cap
Term
Negotiable
Rate
Contact for pricing
Contact us

1308 W. Main Street

Size
1,742 SF
Type
Strip Center
Term
Negotiable
Rate
Contact for pricing
Contact us

1312 W. Main Street

Size
3,233 SF
Type
Office
Term
Negotiable
Rate
Contact for pricing
Contact us

1314 W. Main Street

Size
6,000 SF
Type
Strip Center
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: WALDVOGEL COMMERCIAL PROPERTIES
Listed By: Andy Mullins · License #0225090506
Source: Waldvogelcommercial
Added: Jun 25 Changed: Aug 31 Last Checked: Aug 31 at 1:18PM

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 WALDVOGEL COMMERCIAL PROPERTIES

Investment Insights

Based on property information with market context.

Mill Lane Commons is a shopping center originally built in 2003 and undergoing exterior improvements in two phases scheduled for 2025 and 2026. The property includes 182 parking spaces, a pylon sign, and multiple points of ingress and egress to support convenient visitor access.

The center is positioned at a signalized intersection on W Main St in Salem, Virginia. Its combination of retail-oriented improvements, substantial on-site parking, visible signage, and coordinated access supports a range of shopping-center leasing configurations.

Key Highlights

  • Exterior renovation planned in two phases: 2025 and 2026
  • 182 parking spaces
  • Located at a signalized intersection

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby
Balanced
Demand for This Use

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Spartan Square 1400 W Main St, Salem, VA 24153
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail center with signalized access, ample parking, multiple entry points, and pylon signage.
Where is this shopping center located?
The property is located at 1306 W Main St Salem, VA.
What are key features of this property?
This property features: Exterior renovation planned in two phases: 2025 and 2026; 182 parking spaces; Located at a signalized intersection
More about this property
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