36-50 Wildwood Rd, Salem, VA 24153
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.