Salem Retail/Office Building For
For Sale
Contact for pricing
Pending
1432 Apperson Dr, Salem, VA 24153
Highly visible retail/office building at signalized intersection in Salem, VA.
Property Size3,179 SF
Lot Size1.00 Acre
Days on Market388
Property Features for 1432 Apperson Dr
General Information
Standard status
Pending
Size
3,179 SF
Class
A
Lot size
1.00 Acre
Property subtype
Office, Retail
Zoning
HBD
Investment Type
Redevelopment
Building Details
Year Built
1965
Buildings
1
Stories
1
Listing Agency:
Cushman & Wakefield Thalhimer - Roanoke, Virginia
(540) 767-3008
Listed By:
Wyatt Poats · License #VA 0225236327
Source:
Crexi
Added: Jul 30, 2025
Changed: Aug 8
Last Checked: Jul 24 at 11:54AM
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 Cushman & Wakefield Thalhimer - Roanoke, Virginia
Investment Insights
Based on property information with market context.
This retail/office building is located at a highly visible, signalized intersection in Salem, Virginia, at Electric Road and Apperson Drive. The property is situated on almost one acre. The location on Electric Road experiences 23,000 vehicles per day. The median household income within a 5-mile radius exceeds $61,000. The property offers broad appeal to a variety of uses and represents a rare purchase opportunity.
Key Highlights
- Highly visible location at a signalized intersection of Electric Rd and Apperson Dr.
- High traffic volume: 23,000 Vehicles Per Day on Electric Rd.
- Situated on almost 1‑acre.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
864
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail/office building at signalized intersection in Salem, VA.
Where is this retail space located?
The property is located at 1432 Apperson Dr Salem, VA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Highly visible location at a signalized intersection of Electric Rd and Apperson Dr.; High traffic volume: 23,000 Vehicles Per Day on Electric Rd.; Situated on almost 1‑acre.
