Mini-World Child Care Center - Salem 2 Retail Properties Offered at $1,525,000 in Salem, VA

Cushman & Wakefield | Thalhimer is pleased to present a unique repositioning or redevelopment opportunity in the City of Salem, Virginia. The offering consists of four contiguous parcels totaling three buildings, which has been continuously operated Mini-World Child Care Center, located at 425 S. Colorado Street, 501 S. Colorado Street, 101 E 3rd Street, and 500 S. Market Street. The property features a combined building footprint of approximately 11,800 SF, along with additional land area that includes fenced outdoor play areas, parking, and flexible open space. The existing improvements are well-suited for continued educational or community use, while also offering adaptability for office, medical, or alternative institutional users. Positioned at the corner of Colorado Street and 3rd Street, the site benefits from strong visibility, convenient access, and a walkable location just minutes from downtown Salem. The surrounding area continues to experience steady demand driven by its character, accessibility, and proximity to key amenities and employers. The layout and scale of the property provide a rare opportunity for a variety of uses, including owneroccupants, investors, or developers seeking to reposition the asset. With multiple buildings and parcels, the site also offers optionality for phased occupancy, redevelopment, or potential subdivision. Salem’s market fundamentals remain strong, supported by ongoing growth, a stable economic base, and increasing demand for flexible commercial and community-serving space.