Commercial $ 995,000

1101 Electric RD

Salem, VA 24153

  • 0.62 Lot Size
  • 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 Investment, Office

    Listing Status Active

    Purchase Type For Sale

    Municipality 1101 Electric RD, Salem, VA 24153

    MLS Listing ID 925213

    Year Built 2004

    Annual Tax Amount $60,002,200

    Lot Size 0.620 Acres

    Property Sub-Type Investment,Office

  • Location

    State VA

    County City Of Salem

    Direction 1101 Electric RD, Salem, VA 24153

SIMILAR HOMES FOR SALE

Check for similar Commercials at price around $995,000 in Salem,VA

CONTACT

Jason Fountain, CCIM
Jason Fountain, CCIM

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message