Salem, VA Retail Properties & Spaces for Sale

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$495,000

0.45 Acres

Salem Commercial Building For Sale

904 Apperson Dr, Salem, VA 24153

Well-maintained commercial building suitable for office, service, or retail.

Pristine condition, well‑maintained building.
Great visibility and access.
Good parking for customers and staff.
Beautiful hardwood floors.
Large windows providing lots of natural light.

Updated: Feb 28

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Restaurant/Retail Building on Corner Lot

$1,595,000

7,980 SF

Restaurant/Retail Building on Corner Lot

201 Electric Rd |, Salem, VA 24153

7,980 SF building on 1.26 acres, prime corner location.

High‑traffic location on a signalized corner lot with frontage on Electric Rd.
Stand‑alone building with 7,980 sq. ft. of space.
Large 1.26‑acre parcel.
Ample parking with space for 100 vehicles.
Fully equipped kitchen.

Updated: Sep 25, 2025

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Well-Maintained Office/Retail Building For Sale

$495,000

1,455 SF

Well-Maintained Office/Retail Building For Sale

Pristine building suitable for office, service, or retail use.

904 Apperson Dr, Salem, VA 24153

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$2,070,357

19,941 SF

Industrial, Retail

Auto shops · 19,941 SF

327 S College Ave, Salem, VA 24153

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$1,795,000

10,545 SF

Retail Property with Highway Access

Retail property featuring strategic location, high traffic, and ample parking.

1650 Braeburn Dr, Salem, VA

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$1,350,000

3,179 SF

Salem Retail/Office Building For Sale

Highly visible retail/office building at signalized intersection in Salem, VA.

1432 Apperson Dr, Salem, VA 24153

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$1,795,000

10,545 SF

Salem Retail Space For Sale

Retail space for sale with high visibility and accessibility.

1650 Braeburn Dr, Salem, VA 24153

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Contact for pricing

176,806 SF

Retail Property in Salem, Virginia

Large retail property available for sale in Salem, Virginia.

1439 W Kimball St, Salem, VA

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$149,950

0.56 Acres

Developable Land For Sale

0.56 AC developable land, ideal for retail, restaurant, or office.

2005 E Main St, Salem, VA 24153

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$1,900,000

1,104 SF

Redevelopment Opportunity in Salem

Hard corner in Salem's I-81 district south.

1622 E Main St, Salem, VA

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Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 10 Active listings in Salem, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 30 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.

$1,300,000

14,600 SF

Peters Creek Road Commercial Property

Commercial property with visibility and access on 1.27 acres.

3783 Peters Creek Rd, Roanoke, VA 24018

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$6,200,000

162,903 SF

Prime Shopping Center on Melrose

Shopping center with high traffic and income potential.

4142 Melrose Ave NW, Roanoke, VA 24017

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Roanoke, Virginia NNN Investment Property

Contact for pricing

7,770 SF

Roanoke, Virginia NNN Investment Property

NNN leased Dental Care Alliance investment property in Roanoke, Virginia.

1930 Electric Rd, Roanoke, VA

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Former Family Dollar Storefront Available

$700,000

8,316 SF

Former Family Dollar Storefront Available

8,316 SF commercial space for sale or lease.

4160 Melrose Ave NW, Roanoke, VA 24017

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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.

$78,300

5.22 Acres

Salem Land with C2 Zoning

5.22 acre lot with C2 zoning near Interstate 81.

0 Thompson Memorial DR, Salem, VA 24153

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$78,300

5.22 Acres

Salem, VA Land For Sale

5.22 acre lot with C2 zoning near Interstate 81.

Thompson Memorial Dr, Salem, VA 24153

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Contact for pricing

2.30 Acres

Land Parcels Adjacent to Home Depot

Parcels near Home Depot suitable for retail and hospitality.

3217 Hershberger Rd. |, Roanoke, VA 24017

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$3,101,040

52.56 Acres

Roanoke Land with Development Potential

52.56 acres in Roanoke County with mixed zoning.

Elm View Rd, Roanoke, VA 24018

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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.

3716 Garman Rd

SERVICE STATION (FULL SERVICE) • 2,520 SF

Value Estimation by Request

3716 Garman Rd, Salem, VA 24153-8800

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5956 Main St

CONVENIENCE STORE • 3,190 SF

Value Estimation by Request

5956 Main St, Salem, VA 24153-8242

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3572 Bradshaw Rd

CONVENIENCE STORE • 3,200 SF

Value Estimation by Request

3572 Bradshaw Rd, Salem, VA 24153-8714

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1435 Main St

REGIONAL SHOPPING CENTER, MALL • 170,153 SF

Value Estimation

$16,665,000

1435 Main St, Salem, VA 24153-3120

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211 Electric Rd

REGIONAL SHOPPING CENTER, MALL • 20,500 SF

Value Estimation

$580,000

211 Electric Rd, Salem, VA 24153-4431

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5264 Main St

SERVICE STATION (FULL SERVICE) • 24,835 SF

Value Estimation

$1,475,000

5264 Main St, Salem, VA 24153-8356

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1935 Electric Rd

REGIONAL SHOPPING CENTER, MALL • 65,275 SF

Value Estimation

$8,900,000

1935 Electric Rd, Salem, VA 24153

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1790 Thompson Memorial Dr

RESTAURANT • 5,839 SF

Value Estimation by Request

1790 Thompson Memorial Dr, Salem, VA 24153-1862

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925 Electric Rd

VEHICLE SALES, RENTALS • 27,922 SF

Value Estimation

$2,265,000

925 Electric Rd, Salem, VA 24153-4165

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4004 Main St

SERVICE STATION (FULL SERVICE) • 4,650 SF

Value Estimation by Request

4004 Main St, Salem, VA 24153-8504

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1325 Main St

REGIONAL SHOPPING CENTER, MALL • 9,520 SF

Value Estimation by Request

1325 Main St, Salem, VA 24153-4707

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1355 Main St

REGIONAL SHOPPING CENTER, MALL • 88,087 SF

Value Estimation

$800,000

1355 Main St, Salem, VA 24153-4707

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1764 Apperson Dr

REGIONAL SHOPPING CENTER, MALL • 48,427 SF

Value Estimation

$800,000

1764 Apperson Dr, Salem, VA 24153-7206

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4414 Main St

SERVICE STATION (FULL SERVICE) • 1,300 SF

Value Estimation by Request

4414 Main St, Salem, VA 24153-8512

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Salem, VA Retail Properties & Spaces Investment Opportunities Market Analysis

Explore 40 retail properties & spaces for sale in Salem, VA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 54,749 square feet of properties for sale, with an estimated market value of $11,000,357.

Sale prices for stores in Salem, VA start at $495,000, averaging $1,571,479, and reaching up to $2,070,357 — 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

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the 25,000 to 50,000 square foot range.

Demographics Overview

Population 38K

Population Growth (5Y) +0.3%

Median Household Income $72,691

College Educated 42.5%

High-Yield Neighborhoods for Strategic 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	$1.1M

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%

Need Help?

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Salem, VA Retail Properties & Spaces for Sale

Salem Commercial Building For Sale

Well-maintained commercial building suitable for office, service, or retail.

Restaurant/Retail Building on Corner Lot

7,980 SF building on 1.26 acres, prime corner location.

Well-Maintained Office/Retail Building For Sale

Industrial, Retail

Retail Property with Highway Access

Salem Retail/Office Building For Sale

Salem Retail Space For Sale

Retail Property in Salem, Virginia

Developable Land For Sale

Redevelopment Opportunity in Salem

Opportunities in Nearby Cities

Peters Creek Road Commercial Property

Prime Shopping Center on Melrose

Roanoke, Virginia NNN Investment Property

Former Family Dollar Storefront Available

Potential Development Sites for Consideration

Salem Land with C2 Zoning

Salem, VA Land For Sale

Land Parcels Adjacent to Home Depot

Roanoke Land with Development Potential

Off-Market Properties in Salem, VA

3716 Garman Rd

5956 Main St

3572 Bradshaw Rd

1435 Main St

211 Electric Rd

5264 Main St

1935 Electric Rd

1790 Thompson Memorial Dr

925 Electric Rd

4004 Main St

1325 Main St

1355 Main St

1764 Apperson Dr

4414 Main St

Salem, VA Retail Properties & Spaces Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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