1355 Main St Salem, VA 24153
- Super regional malls
- 88,087 SF
- 7.10 lot acres
Current Use by Public Records
- Super regional malls
Property Details for 1355 Main St
- Year built
- 1989
- Lot size
- 7.10 lot acres
- Property size
- 88,087 SF
- Zone code
- HBD
- Property type
- Super regional malls
- APN
- 126-4-2
- APU
- 12642
Description
This exceptional 95,000 square foot retail center, formerly a Kmart, presents a unique investment opportunity in the thriving Salem, Virginia market. Located at 1355 W Main Street, zip code 24153, this redeveloped property boasts a prime location with excellent visibility and accessibility. Currently, a single junior anchor space of 2,800 square feet is available, along with several smaller shop spaces. The center enjoys a strong tenant mix, including established national retailers such as Tractor Supply, Planet Fitness, and American Freight Furniture. The property benefits from its proximity to major regional anchors like Kroger, Walmart, and Lowe's Home Improvement, ensuring high foot traffic and consumer visibility. Situated in Roanoke County, this retail center offers a strategic location within a densely populated area, providing significant potential for growth and return on investment. The property is classified as a shopping center with multiple tenancies. The building's total square footage is 95,000 square feet, with only 2,800 square feet currently vacant. This presents a rare chance to secure a prominent position in a well-established retail center in a high-demand location. The property's strategic placement and existing tenant base make it an attractive proposition for businesses seeking a strong foothold in the Salem market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Salem
- State
- Virginia
- Longitude
- -80.0794
- Latitude
- 37.291
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
