$930,355
$995,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
1101 Electric RD Salem, VA 24153
Key Details
Sold Price $930,355
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 925213
Sold Date 08/11/26
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®
Property Description
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.
Location
State VA
County City Of Salem
Area 0.62
Direction 1101 Electric RD, Salem, VA 24153
Interior
Fireplace No
Exterior
Parking Features On Site
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 060002201
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