Class A Standalone Retail
For Lease
$15.95 SF/Yr
201 Electric Rd, Salem, VA 24153
Standalone Class A retail building with a fully equipped kitchen, ample parking, and signalized corner frontage.
Space Size7,980 SF
Lot Size1.26 Acres
Days on Market100
Property Features for 201 Electric Rd
General Information
Standard status
Active
Size
7,980 SF
Class
A
Total Parking Spaces
100
Lot size
1.26 Acres
Property subtype
Retail
Lease Term
NNN
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Building Size
7,980 SF
Year Built
1989
Spaces For Lease
at 201 Electric Rd
201 Electric Rd
$15.95/SF/Yr
Size
7,980 SF
Term
Negotiable
Listing Agency:
Poe & Cronk Real Estate
Listed By:
Thom Hubard, CCIM · License #VA #0225020834
(540) 353-3646
Source:
Poecronk
Added: Jun 29
Changed: Oct 6
Last Checked: Oct 5 at 4:30PM
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 Poe & Cronk Real Estate
Investment Insights
Based on property information with market context.
This offering features a 7,980 sq. ft. standalone retail building on a 1.26 acre parcel. The building is described as being in Class A condition and includes a fully equipped kitchen, supporting a range of retail or service concepts that benefit from prepared-food capability.
The property is situated on a signalized corner with frontage along busy Electric Rd. A parking lot provides space for approximately 100 vehicles, which can support customer access and reduce friction for peak operating periods.
For tenants or operators seeking a freestanding retail presence, the combination of Class A condition, dedicated kitchen functionality, and front-and-corner visibility can be advantageous for attracting walk-in and drive-by traffic. The parking layout also supports shopping-center-style convenience without requiring shared parking management.
The property is situated on a signalized corner with frontage along busy Electric Rd. A parking lot provides space for approximately 100 vehicles, which can support customer access and reduce friction for peak operating periods.
For tenants or operators seeking a freestanding retail presence, the combination of Class A condition, dedicated kitchen functionality, and front-and-corner visibility can be advantageous for attracting walk-in and drive-by traffic. The parking layout also supports shopping-center-style convenience without requiring shared parking management.
Key Highlights
- 7,980 SF standalone building built in 1989 on a 1.26‑acre parcel
- Class A condition with a fully equipped kitchen
- Signalized corner location with frontage on busy Electric Rd.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.39 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
273
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Standalone Class A retail building with a fully equipped kitchen, ample parking, and signalized corner frontage.
Where is this retail space located?
The property is located at 201 Electric Rd Salem, VA.
What is the lease rate?
The lease rate is $15.95 SF/Yr.
What are key features of this property?
This property features: 7,980 SF standalone building built in 1989 on a 1.26‑acre parcel; Class A condition with a fully equipped kitchen; Signalized corner location with frontage on busy Electric Rd.
