Mixed-Use Retail-Residential
For Sale
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2938 W Main Street, Salem, VA 24153
1960-built, 2007-renovated mixed-use building with retail/warehouse space, a leased retail tenant, and a 2-bedroom apartment.
Property Size6,486 SF
Lot Size1.88 Acres
Days on Market123
Property Features for 2938 W Main Street
General Information
Standard status
Active
Size
6,486 SF
Lot size
1.88 Acres
Property subtype
Retail, Industrial
Building Details
Year Built
1960
Year Renovated
2007
Listing Agency:
Poe & Cronk Real Estate
(540) 353-3646
Listed By:
Thom Hubard · License #VA 0225020834
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 4:37PM
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 mixed-use property includes 6,486 square feet of gross leasable space within improvements constructed in 1960 and renovated in 2007. The owner currently occupies approximately 3,712 square feet of retail/warehouse space, and a tenant occupies 1,856 square feet of retail space under a lease that runs through May 2020.
In addition to the retail/warehouse areas, the property features a two-bedroom, one-bath apartment with 918 square feet. The apartment is rented as an Air B&B and is projected to bring in an average of $1,800 per month.
The site consists of an approximately 1.88-acre level lot at 2938 W. Main Street, Salem, VA 24153.
In addition to the retail/warehouse areas, the property features a two-bedroom, one-bath apartment with 918 square feet. The apartment is rented as an Air B&B and is projected to bring in an average of $1,800 per month.
The site consists of an approximately 1.88-acre level lot at 2938 W. Main Street, Salem, VA 24153.
Key Highlights
- Mixed‑use retail/residential property with 6,486 SF gross leasable space
- Improvements built in 1960 and renovated in 2007
- Owner occupies approx. 3,712 SF retail/warehouse space; tenant occupies 1,856 SF retail space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 1960-built, 2007-renovated mixed-use building with retail/warehouse space, a leased retail tenant, and a 2-bedroom apartment.
Where is this retail space located?
The property is located at 2938 W Main Street Salem, VA.
What are key features of this property?
This property features: Mixed‑use retail/residential property with 6,486 SF gross leasable space; Improvements built in 1960 and renovated in 2007; Owner occupies approx. 3,712 SF retail/warehouse space; tenant occupies 1,856 SF retail space
