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Retail Space in Lakeside Plaza
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161 Electric Road, Salem, VA 24153

Retail space for lease in Kroger-anchored Lakeside Plaza.

Space Size2,100 SF - 2,450 SF
Property Size87,784 SF
Days on Market1420

Property Features for 161 Electric Road

General Information

Standard status Active
Size 2,100 SF - 2,450 SF
Property subtype Retail, Office, Restaurant

Building Details

Building Size 87,784 SF
Tenancy Multiple

Spaces For Lease

at 161 Electric Road Contact us

Suite 00011

Size
2,450 SF
Type
Restaurant
Availability
Active
Contact us

Suite 00014

Size
2,100 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Phillips Edison & Company
Listed By: Mark Porter · License #FLBO
Source: Crexi
Added: Sep 23, 2022 Changed: Aug 8 Last Checked: Aug 11 at 12:21PM

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 Phillips Edison & Company

Investment Insights

Based on property information with market context.

Lakeside Plaza, anchored by Kroger, provides retail space available for lease. The property is situated at the intersection of U.S. 460 and State Route 419 in Salem, Virginia. The location is five miles west of the Roanoke Regional Airport and Valley View Mall.

Key Highlights

  • Kroger‑anchored retail space available for lease.
  • Located at the intersection of U.S. 460 and State Route 419 in Salem, Virginia.
  • Situated five miles west of the Roanoke Regional Airport.

Property Analytics

Current Use

Kroger Pharmacy Pharmacy Kroger Floral Department (Bike/Boat/Book/etc) Store Kroger Bakery Bakery Leigh Baby2 (Bike/Boat/Book/etc) Store Kroger Deli Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Pharmacy

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

383
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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Lakeside Plaza 141-179 Electric Rd, Salem, VA 24153
  • Coinstar Kiosk | Bitcoin ATM Kroger - Mid Atlantic, 161 Electric Road, Salem, VA 24153

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space for lease in Kroger-anchored Lakeside Plaza.
Where is this shopping center located?
The property is located at 161 Electric Road Salem, VA.
What are key features of this property?
This property features: Kroger‑anchored retail space available for lease.; Located at the intersection of U.S. 460 and State Route 419 in Salem, Virginia.; Situated five miles west of the Roanoke Regional Airport.
(843) 733-7326 Call to check price and availability
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