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    1400 Main St Salem, VA 24153

    Sponsored
    For Lease
    $14 SF/Yr

    Salem, VA: Prime Retail Space Available

    Lot size:
    176,779 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Spartan Square, located at 1400 W Main St in Salem, Virginia (zip code 24153), offers exceptional retail space for lease. This Class A shopping center boasts a total of 176,779 square feet, providing ample opportunity for businesses of various sizes. Currently, there are 8 available spaces ranging from a minimum of 1,136 square feet to a maximum contiguous space of 10,145 square feet. A significant 19,958 square feet is currently vacant, presenting a unique chance to establish a prominent presence within this thriving retail hub. The property's location in Salem County, Virginia, ensures high visibility and accessibility for customers. The center's "Shopping Center" subtype indicates a well-established retail environment, likely benefiting from shared amenities and foot traffic. The property's classification as Class A suggests high-quality construction, modern amenities, and a desirable location within the Salem market. This presents a compelling investment opportunity for businesses seeking a strategic location in a vibrant commercial area. The property is easily accessible via its location on W Main St, and its coordinates are 37.2902036 latitude and -80.0824766 longitude. Interested parties are encouraged to inquire about available space and lease terms. This is a prime opportunity to secure retail space in a high-traffic, well-established shopping center.

    Property Features for 1400 Main St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    176,779 SF
    Class
    A
    Total Rate
    206242.17

    Unit(s) available at that property

    Space
    Combined Suite 1461 & 1455
    Size
    5,681 SF
    Space
    Suite 1443
    Size
    4,441 SF
    Rate per SF
    $24
    Space
    Suite 1483
    Size
    4,074 SF
    Space
    Suite 1465
    Size
    1,971 SF
    Space
    Combined Suite 1469 & 1443
    Size
    10,145 SF
    Space
    Suite 1469
    Size
    3,791 SF
    Space
    Suite 1461
    Size
    4,545 SF
    Space
    Suite 1455
    Size
    1,136 SF

    HighLights

    • Grocer‑anchored Class A shopping center in Salem, VA.
    • Join Kroger, Ollie's, Cato's, and Anytime Fitness.
    • Located on the main retail corridor in Salem, VA.
    • Strong demographics and desirable co‑tenancy.
    • High daytime population provides significant foot traffic.
    • Courtyard office suites also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.0824766
    Latitude
    37.2902036

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    FAQs

    What type of property is this?
    Lifestyle center - Salem, VA: Prime Retail Space Available
    Where is this lifestyle center located?
    The property is located at 1400 Main St Salem, VA.
    What is the lease rate?
    The lease rate is $0.00-$24 SF/Yr.
    What are key features of this property?
    This property features: Grocer-anchored Class A shopping center in Salem, VA.; Join Kroger, Ollie's, Cato's, and Anytime Fitness.; Located on the main retail corridor in Salem, VA.
    Request Owner's contact information
    1400 Main St Salem, VA 24153
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 Main St Salem, VA 24153
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