1400 Main St, Salem, VA 24153
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.