1101-1109 Electric Rd - Medical FOR SALE


Salem, VA 24153
$995,000 USD
540-354-6456
1101-1109 Electric Rd, Salem, VA for Sale
$995,000 USD
Medical - FOR SALE
1/20
null | 7.75% Cap Rate

1101-1109 Electric Rd
Salem, VA 24153


HIGHLIGHTS

  • High Traffic Count
  • Built in 2004
  • On-Site Parking
  • Brick Construction
  • Potential For Multi-Tenant Use
  • Great Investment or Owner User

OVERVIEW

5120 Square foot multi-tenant office building located along Electric Rd in Salem, VA. Fully leased effective February 2025. Gross income for 2025 = $93,193. NOI = $77,147. Highly visible, brick construction, built in 2004. Zoned Highway Business District (HBD). Wide range of business uses permitted including accounting, insurance, medical, financial as well as some retail and industrial uses. Call agent for details or to schedule a showing.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

LM

APN/PARCEL ID

221-1-4.1

ASK ABOUT THIS PROPERTY

Jason FountainWaldvogel Commercial Properties, Inc.More Info
540-354-6456

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Jason FountainWaldvogel Commercial Properties, Inc.More Info
540-354-6456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.