Retail

Salem, VA Retail Space Market Trends and Statistics

Explore 1 retail space for sale in Salem, VA on our real estate platform.

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 6
Auto shops 1
Automotive properties 1
Showrooms 1
Storefront properties 1

Demographics Overview

Population 38K
Population Growth (5Y) +0.3%
Median Household Income $72,691
College Educated 42.5%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
24153 $857K

Taxes & Financing

Tax Rate (average for all types) 1.16%
Property Tax per SF $16.64 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Salem city

New Delisted

Property Size Breakdown

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

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