Listing Agency: Poe & Cronk Real Estate

Listed By: Stephen Pendergrass · License #VA 0225210868 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:10PM

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Investment Insights

Based on property information with market context.

This former bank branch at 1634 W Main St in Salem, Virginia includes a drive-through and ample parking. The property is positioned on a main thoroughfare, with Walmart and Kroger located across the street.

The site may continue as a financial institution or accommodate professional office, restaurant, retail, or medical use, as identified in the property information.

Key Highlights

• Former bank branch at 1634 W Main St, Salem, VA 24153
• Drive‑through feature included
• Ample parking on site

Property Analytics

Property Profile

Current Use

RISE Medical Marijuana ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Spa & Massage Center Hair Salon

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

633

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Bank - Former bank property on a main thoroughfare, across from Walmart and Kroger, with ample parking.

Where is this bank located?

The property is located at 1634 W Main St Salem, VA.

What are key features of this property?

This property features: Former bank branch at 1634 W Main St, Salem, VA 24153; Drive‑through feature included; Ample parking on site