1710 ELECTRIC RD, Salem, VA 24153

Listing Agency: Realstar Realtors

Listed By: David Linden · License VA #0225046234 Show Phone

Source: Crexi

Added: Nov 6 Changed: Nov 13 Last Checked: Nov 12 at 8:35AM

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Investment Insights

Based on property information with market context.

This 5.9-acre commercial parcel is level and fronts Electric Road in Salem, Virginia. The site is identified for commercial development, with potential applications including retail, restaurant, medical, office, and hotel uses, subject to zoning approval.

Electric Road carries approximately 27,000 vehicles per day. LewisGale Medical Center is within walking distance, and national retailers, including Kroger, are in the surrounding area.

Key Highlights

• 5.9‑acre level commercial parcel
• Frontage on Electric Road in Salem, Virginia
• Approximately 27,000 vehicles per day on Electric Road

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,036

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

Properties on Market for Commercial land in Salem County

Jul

Aug

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Frequently Asked Questions

What type of property is this?

Commercial land - The level parcel offers a visible roadside setting for commercial development, subject to zoning approval.

Where is this commercial land located?

The property is located at 1710 ELECTRIC RD Salem, VA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 5.9‑acre level commercial parcel; Frontage on Electric Road in Salem, Virginia; Approximately 27,000 vehicles per day on Electric Road