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Corner Storefront with Private Parking
For Lease
Contact for pricing

501 West 4th Street, Salem, VA 24153

Mostly open commercial layout with two bathrooms, an interior office, and private parking.

Space Size1,500 SF
Days on Market116

Property Features for 501 West 4th Street

General Information

Standard status Active
Size 1,500 SF
Net Rentable 1,500 SF
Property subtype Retail, Restaurant
Lease Type NNN

Space & Availability

Available Space 1,500 SF
Contiguous Space 1,500 SF
Space Use Retail

Building Details

Building Size 1,500 SF
Year Built 1988
Tenancy Single

Spaces For Lease

at 501 West 4th Street Contact us

Total Building

Size
1,500 SF
Type
Restaurant, Retail
Rate
Contact for pricing
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: F+W Real Estate Group
Listed By: Brandon Meade · License #VA 0225226499
Source: Crexi
Added: May 8 Changed: Aug 30 Last Checked: Aug 30 at 11:12PM

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 F+W Real Estate Group

Investment Insights

Based on property information with market context.

This 1,500-square-foot storefront property is configured as a mostly open commercial and retail building with two bathrooms and one interior office. The property is being offered in its current as-is condition and was built in 1988.

Positioned on a corner lot at 501 West 4th Street in Salem, Virginia, the building includes private parking and was formerly occupied by Domino's as a restaurant. Its open interior provides a straightforward layout for retail or other commercial use, subject to applicable requirements.

Key Highlights

  • 1,500‑square‑foot commercial and retail building
  • Corner lot at 501 West 4th Street in Salem, VA
  • Private parking included

Property Analytics

Current Use

Domino's Pizza Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Pharmacy Storage Facility (Bike/Boat/Book/etc) Store HVAC Service

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

667
Businesses Nearby
Under-served
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Mostly open commercial layout with two bathrooms, an interior office, and private parking.
Where is this storefront property located?
The property is located at 501 West 4th Street Salem, VA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 1,500‑square‑foot commercial and retail building; Corner lot at 501 West 4th Street in Salem, VA; Private parking included
(540) 774-1641 Call to check price and availability
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