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201 Electric Rd
Salem, VA 24153
Retail Property For Sale
Investment Highlights
- High Visibility
- High Traffic Volume
- Signalized Corner
Executive Summary
Presented by Thom Hubard and Stephen Pendergrass of Poe & Cronk Real Estate Group – 201 Electric Rd., offers for sale a 7,980 sq. ft. stand alone building on a 1.26 acre parcel. The building is in very good condition with a fully equipped kitchen. The property is located on a signalized corner with frontage on busy Electric Rd. Parking lot has space for 100 vehicles.
This property is also offered for lease at $15.95psf NNN.
This property is also offered for lease at $15.95psf NNN.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,980 SF
Building Class
B
Year Built
1989
Price
$2,209,458 CAD
Price Per SF
$276.87 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
HBD
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 111-1-6 | Improvements Assessment | $1,164,502 CAD |
| Land Assessment | $949,515 CAD | Total Assessment | $2,114,018 CAD |
Property Taxes
Parcel Number
111-1-6
Land Assessment
$949,515 CAD
Improvements Assessment
$1,164,502 CAD
Total Assessment
$2,114,018 CAD
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