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    Salem, VA Medical Office Space for Sale

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    Roanoke, VA Cave Spring, VA Hollins, VA
    Brick Office Building with Parking
    $195,000
    0.24 Acres
    Brick Office Building with Parking

    824 Iowa St, Salem, VA 24153

    Brick building with office-ready interior, small restrooms, and on-site surface parking for a range of service or office uses.
    • Block building with brick facade, built in 1969, with shingle roof and electric heating and cooling
    • Previously used as a dental lab with an open work area, plus office and a small breakroom
    • Interior includes VCT flooring, acoustic tile ceiling, fluorescent lighting, built‑in cabinets, and several sinks
    • Includes two small restrooms and an office area within the existing layout
    • Public water and public sewer service; laminate flooring, electric HVAC, and shingle roofing
    Updated: Jun 2
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    Salem, VA Office Building For Sale
    $995,000
    5,163 SF
    Salem, VA Office Building For Sale

    1101 Electric Rd, Salem, VA 24153

    Multi-tenant office building in Salem's Electric Road corridor.
    • Stable multi‑tenant asset in a primary commercial corridor (Electric Road, Salem, VA).
    • Consistent in‑place income from established professional tenants, including a medical office.
    • Modern construction (built in 2004) with efficient layouts and ample natural light.
    • Future rental growth potential as leases roll to market rates.
    • Located on ±0.62 acres with dedicated on‑site parking.
    Updated: Mar 5
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    Multi-Tenant Office Building For Sale
    $1,425,000
    7,416 SF
    Multi-Tenant Office Building For Sale

    7,500 SF multi-tenant office building on 1.44 acres.

    1618 W Main St, Salem, VA 24153

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    Multi-Tenant Office Building For Sale
    $1,425,000
    7,416 SF
    Multi-Tenant Office Building For Sale

    7,500 SF multi-tenant office building on 1.44 acres.

    1618 W Main St, Salem, VA 24153

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 Active listings in Salem, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical/Office Building Near Valley View
    Contact for pricing
    60,055 SF
    Medical/Office Building Near Valley View

    60,055 RSF medical/office building adjacent to Valley View Mall.

    4910 Valley View Boulevard Northwest, Roanoke, VA 24012

    View details
    Retail/Flex Asset in Christiansburg, Virginia
    Contact for pricing
    7,500 SF
    Retail/Flex Asset in Christiansburg, Virginia

    7,500 SF retail/flex building in a visible commercial corridor.

    77 Scattergood Dr NW, Christiansburg, VA 24073

    View details
    Medical Office Building For Rent
    $1,150,000
    3,391 SF
    Medical Office Building For Rent

    Southwest County medical office building with two suites available.

    5100-5104 Bernard Dr, Roanoke, VA

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    Medical Office Building For Sale
    $450,000
    3,219 SF
    Medical Office Building For Sale

    Medical office building with approximately 3,219 square feet available.

    95 Ponderosa Dr NE, Christiansburg, VA

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Parcel in Stuarts Draft
    $395,000
    1.10 Acres
    Corner Commercial Parcel in Stuarts Draft

    Corner commercial land parcel with high visibility near Stuarts Draft.

    3318 STUARTS DRAFT HWY, Stuarts Draft, VA 24477

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    Commercial Parcel Near Route 262
    $237,500
    Commercial Parcel Near Route 262

    Commercial land parcel near bypass and Veteran's Administration Clinic.

    999 SETH DR, Staunton, VA 24401

    View details
    Fishersville Commercial Development Opportunity
    $350,000
    1.27 Acres
    Fishersville Commercial Development Opportunity

    1.27-acre commercial land parcel near Augusta Health and I-64.

    0 TINKLING SPRINGS RD, Fishersville, VA 22939

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    Commercial Land Near Augusta Health
    $349,900
    2.13 Acres
    Commercial Land Near Augusta Health

    Commercial land in prime location near hospital and I-64.

    TBD PINNACLE DR, Fishersville, VA 22939

    View details

    Off-Market Properties in Salem, VA

    Consider similar Off-Market properties in Salem, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3737 Main St
    MEDICAL BUILDING
    12,719 SF Lot: 2.63 Acres
    Estimated value
    $61,725,000

    3737 Main St, Salem, VA 24153-2072

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    3153 Main St
    MEDICAL BUILDING
    9,572 SF Lot: 1.81 Acres
    Estimated value
    $1,220,000

    3153 Main St, Salem, VA 24153-2049

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    1109 Electric Rd
    Medical Office Space
    5,120 SF Lot: 0.62 Acres
    Value Estimation by Request

    1109 Electric Rd, Salem, VA 24153

    View details

    Salem, VA Medical Office Space Investment Opportunities Market Analysis

    Explore 7 medical office space for sale in Salem, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 19,995 square feet of properties for sale, with an estimated market value of $3,845,000.

    Sale prices for medical spaces in Salem, VA start at $995,000, averaging $1,281,666, and reaching up to $1,425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Office Units 12
    Office buildings 6
    Medical Office Space 4

    Demographics Overview

    Population 38K
    Population Growth (5Y) +0.3%
    Median Household Income $72,691
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    24153 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.16%
    Property Tax per SF $16.64 per sq ft
    Average Loan-to-Value 65.0%

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