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Corner Retail Space

626 8th St, Salem, VA 24153

For Sale
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Contact for pricing

Commercial Sale, Salem, VA

Property Size1,025 SF
Price / SF$0.73
Days on Market6

Property Features for 626 8th St

General Information

Property type Commercial Sale
Property subtype Other
Zoning HBD
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
View City
Directions Corner of Indiana St & 8th St, Salem
Subdivision 0300 - City of Salem
Standard status Active
APN 186-7-2

Additional Details

Corner Location Yes

Taxes and HOA fees

Tax Description LTS 31 & 32 SEC 44
Legal Description LTS 31 & 32 SEC 44

Utilities

Heating system Natural Gas
Water source Public

Building Details

Year built 1959
Floors in Building 1
Flooring type Carpet
Building materials Concrete, Vinyl Siding, Block
Roof type Shingle
Listing Agency: PARK PLACE REALTY INC
Listed By: BRITTNEY SHERRY
Added: Nov 5 Last Checked: Nov 10 at 9:06AM
MLS# 932987

Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This Salem retail space offers approximately 1,025 square feet arranged as two large rooms with an adjoining office. A half bath and natural gas heat serve the interior, and the property is zoned HBD (Highway Business District). Commercial signage is subject to City of Salem rules; interior changes require owner approval and are the occupant’s responsibility.

The space occupies a corner location beside apartment complexes. Its room-and-office configuration, street-facing retail position, and existing half bath define the available commercial space.

Key Highlights

  • Approximately 1,025 SF of retail space
  • Corner retail position next to apartment complexes
  • Two large rooms with an adjoining office

Property Analytics

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

Current Use

Living Word Ministries Church Refind and Design Production Facility

Suggested Use

Top Pick Pharmacy HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Veterinary Clinic

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

553
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Retail space in Salem County, VA

$175 Jul
$216 Aug
$215 Sep
$216 Oct

Properties on Market for Retail space in Salem County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in South region

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

Frequently Asked Questions

What type of property is this?
Retail space - Two main rooms connect to a separate office, with a half bath and natural gas heat.
Where is this retail space located?
The property is located at 626 8th St Salem, VA.
What are key features of this property?
This property features: Approximately 1,025 SF of retail space; Corner retail position next to apartment complexes; Two large rooms with an adjoining office
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