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1601 Electric Rd
Salem, VA 24153
Signalized Corner Lot in Salem VA · Retail Property For Lease
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1,224 SF
Highlights
- The property backs up to the Roanoke River and is next to Salem Park which has a connecting walking path in front of the property.
- Ingress and egress options off intersection 419 and Route 11, making it an easy location to access.
- On average, 52,000 vehicles travel pass this location daily as it sits on a prime intersection corner.
- This location is in excellent condition and is fully built out as a standard retail space. The owner is also open to redevelopment.
Property Facts
| Total Space Available | 1,224 SF | Gross Leasable Area | 1,500 SF |
| Property Type | Retail | Year Built | 1985 |
| Property Subtype | Freestanding | Parking Ratio | 13.33/1,000 SF |
| Total Space Available | 1,224 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,500 SF |
| Year Built | 1985 |
| Parking Ratio | 13.33/1,000 SF |
About the Property
1601 Electric Road sits on .84 acres, was redeveloped in 2016, and has been occupied by Verizon since then. It's located at the busy intersection of 419 and Route 11 which has 52,000 vehicles a day going by the property. There are two tall pylon signs that come with the property as well, further increasing visibility. Sheetz and Wells Fargo occupy the other corner lots at this signalized intersection. The lot backs up to the Roanoke River and is next to Salem Park, which has a connecting walking path, part of the Roanoke Valley - Salem Greenway, in front of the property. The property has potential for a conversion to a drive thru and the owner is open to redevelopment.
- Signalized Intersection
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