Commercial $ 995,000

1101 Electric RD

Salem, VA 24153

  • 2004 Year Built
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.
Listed by INVESTORS REAL ESTATE PARTNERS LLC

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Pending

    Purchase Type For Sale

    MLS Listing ID 925213

    HOA Y/N No

    Year Built 2004

    Annual Tax Amount $7,216

    Acres 0.62

    Property Sub-Type Commercial

    Source Roanoke Valley Association of REALTORS®

  • Location

    State VA

    County City Of Salem

    Area 0.62

    Direction 1101 Electric RD, Salem, VA 24153

  • Building

    Sewer Public Sewer

    Water Public

    New Construction No

  • Interior

    Fireplace No

  • Exterior

    Parking Features On Site

    Garage No

  • Others

    Tax ID 060002201

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CONTACT

Jason Fountain, CCIM
Jason Fountain, CCIM

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