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    36-50 Wildwood Rd Salem, VA 24153

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space for lease.

    Lot size:
    39,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Wildwood Plaza offers 39,580 square feet of retail space in Salem County, situated on a highly visible corner at the intersection of Wildwood Road and West Main Street, directly off I-81. This single-story, 1985-built center boasts excellent visibility with an estimated 19,000 cars passing daily. Currently, there are two vacant retail spaces totaling 2,040 square feet available, with one space measuring 1,200 square feet. The property features ample parking with 190 spaces, making it convenient for customers and employees. The center is strategically located near several national retail tenants, including Dollar General, Arby's, Dairy Queen, and Hardee's, creating a synergistic retail environment. The property is ideal for multiple tenants and offers a strong opportunity for businesses seeking high visibility and convenient access to a substantial customer base. No elevators are present in this single-story building. This is a prime location for businesses looking to establish or expand their presence in a thriving retail area. The property is available for lease.

    Property Features for 36-50 Wildwood Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,580 SF

    Building Details

    Year Built
    1985
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,200 SF
    Space
    Suite B
    Size
    1,200 SF

    HighLights

    • Retail property totaling 39,580 square feet.
    • Two retail spaces available, totaling 1,200 square feet.
    • High visibility corner location at Wildwood Road & West Main Street, with excellent access to I‑81.
    • High traffic count of 19,000 cars per day.
    • Strong co‑tenancy with Dollar General, Arby's, Dairy Queen, and Hardee's.
    • 190 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem Country
    State
    Virginia
    Longitude
    -80.0937796
    Latitude
    37.2890453

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space for lease.
    Where is this retail property located?
    The property is located at 36-50 Wildwood Rd Salem, VA.
    What are key features of this property?
    This property features: Retail property totaling 39,580 square feet.; Two retail spaces available, totaling 1,200 square feet.; High visibility corner location at Wildwood Road & West Main Street, with excellent access to I-81.
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    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
    36-50 Wildwood Rd Salem, VA 24153
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