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$995,000
1101 Electric RD
Salem, VA 24153
78 days on market
Property Type
Commercial Sale
Year Built
2004
Lot Size
0.62 acres
Garage
—
About This Property
Positioned along the well-traveled Electric Road corridor in Salem, Virginia, this ±5,163 SF professional office building offers investors a stable multi-tenant asset within one of the region's primary commercial corridors.
Constructed in 2004 and situated on approximately ±0.62 acres, the property features two office suites designed to accommodate professional and medical office users. The building offers modern construction, efficient layouts, ample natural light, and dedicated on-site parking for tenants and visitors.
Currently leased to two established professional tenants, including a medical office user, the property provides consistent in-place income while offering future rental growth potential as leases roll to market rates.
Constructed in 2004 and situated on approximately ±0.62 acres, the property features two office suites designed to accommodate professional and medical office users. The building offers modern construction, efficient layouts, ample natural light, and dedicated on-site parking for tenants and visitors.
Currently leased to two established professional tenants, including a medical office user, the property provides consistent in-place income while offering future rental growth potential as leases roll to market rates.
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.62 acres
- Year Built
- 2004
Location
- County
- City of Salem
- ZIP Code
- 24153
Financial
- Listing Terms
- Annual Taxes
- $7,216
Utilities
- Sewer
- Public Sewer
Schools
Heating
Cooling
Location
Listing Information
- MLS #
- 925213
- Listing Agent
- JASON NOEL FOUNTAIN
- Listing Office
- INVESTORS REAL ESTATE PARTNERS LLC
- Listed Date
- May 23, 2026
Contact Megan Eberle About This Property
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