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Inline Retail Suite
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1923 Electric Rd, Salem, VA 24153

Inline retail space available with an additional outlot space option in a shopping center anchored by Kroger.

Space Size336 SF
Days on Market224

Property Features for 1923 Electric Rd

General Information

Standard status Active
Size 336 SF
Property subtype RETAIL

Spaces For Lease

at 1923 Electric Rd
1923 Electric Rd AVAILABLE, Now
Floor Bldg
Size 336 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- 1,400 Square Feet Inline Available - 336 Square Feet Outlot Available - Kroger is a High-Sales Volume Store that Recently Renovated, Showing Long-Term Commitment to the Center - Located at Signalized Intersection along Electric Road with Access to I-581/Route 220 and I-81 - Across the Street from a Major Employer in the Area--LewisGale Medical Center
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Listing Agency: Midland Atlantic Properties
Listed By: Francis Sarko · License #2024003733
Source: Moodyscre
Added: Mar 17 Changed: Oct 26 Last Checked: Oct 24 at 8:36PM

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 Midland Atlantic Properties

Rey
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Investment Insights

Based on property information with market context.

Inline retail space is available within the center, with an additional outlot space option totaling 1,400 square feet and 336 square feet, respectively. The shopping center is anchored by Kroger, a high-sales volume store that recently renovated and demonstrates long-term commitment to the property.

The center is located at a signalized intersection along Electric Road, providing access to I-581/Route 220 and I-81. It sits across the street from LewisGale Medical Center, supporting strong day-to-day employer-driven traffic.

Additional details on the specific suite layouts and exact outlot positioning are available upon request.

Key Highlights

  • 1,400 SF inline retail space available
  • Additional 336 SF outlot space available
  • Shopping center anchored by Kroger (recently renovated)

Property Analytics

Current Use

Szechuan Restaurant Restaurant Angel Brows Hair Salon Ridgewood Farms Shopping ... Shopping Center & Mall

Suggested Use

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

817
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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM — Kroger - Mid Atlantic, 1925 Electric Rd, Salem, VA 24153
  • Ridgewood Farms Shopping Center — 1923 Electric Rd, Salem, VA 24153
  • Valley Commons — 1796 Apperson Dr, Salem, VA 24153

Frequently Asked Questions

What type of property is this?
Shopping center - Inline retail space available with an additional outlot space option in a shopping center anchored by Kroger.
Where is this shopping center located?
The property is located at 1923 Electric Rd Salem, VA.
What are key features of this property?
This property features: 1,400 SF inline retail space available; Additional 336 SF outlot space available; Shopping center anchored by Kroger (recently renovated)
(513) 587-6167 Call to check price and availability
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