Strip Mall Space with High
New
For Lease
$16 SF/Yr
221 Electric Road, Salem, VA 24153
Retail units offer private restrooms, parking, and signage opportunities.
Space Size1,650 SF
Property Size20,000 SF
Days on Market2
Property Features for 221 Electric Road
General Information
Standard status
Active
Size
1,650 SF
Net Rentable
1,650 SF
Property subtype
Retail - Strip
Space & Availability
Available Space
1,650 SF
Contiguous Space
1,650 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
high ceilings
in-unit restroom
ample parking
great exposure
signage opportunity
Building Details
Building Size
20,000 SF
Tenancy
Multi
Spaces For Lease
at 221 Electric Road Contact us- Size
- 1,650 SF
- Type
- General Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
221 Electric Road $16/SF/Yr
Listing Agency:
Poe & Cronk Real Estate Group
Listed By:
Jacob Quesinberry, SIOR
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 5 at 3:08PM
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.
Retail space is available within Lakeside Shopping Center, with units measuring 25 feet wide by 66 feet deep. Each unit includes high ceilings and an in-unit restroom, providing a practical configuration for storefront operations. Ample parking and signage opportunities support customer access and business identification.
The center is positioned at the intersection of Electric Road, also designated Route 419, and East Main Street, designated Route 460/11, in Salem, Virginia. Existing occupants include a martial arts studio, fitness center, barber shop, and nail salon, creating a varied service-oriented tenant mix within the shopping center.
The center is positioned at the intersection of Electric Road, also designated Route 419, and East Main Street, designated Route 460/11, in Salem, Virginia. Existing occupants include a martial arts studio, fitness center, barber shop, and nail salon, creating a varied service-oriented tenant mix within the shopping center.
Key Highlights
- 25‑foot‑wide by 66‑foot‑deep storefront units
- High ceilings and an in‑unit restroom
- Ample parking for shopping center users
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
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?
Strip mall - Retail units offer private restrooms, parking, and signage opportunities.
Where is this strip mall located?
The property is located at 221 Electric Road Salem, VA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 25‑foot‑wide by 66‑foot‑deep storefront units; High ceilings and an in‑unit restroom; Ample parking for shopping center users
