Property profile

36-50 Wildwood Rd Salem, VA 24153

OFF-MARKET
Retail properties & Spaces
39,580 SF Built 1985
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1985
Total area 39,580 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

36-50 Wildwood Rd Salem, VA 24153
Salem metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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