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1101-1109 Electric Rd

5,120 SF 100% Leased Office Building Salem, VA 24153 $1,397,657 CAD ($273 CAD/SF) 7.75% Cap Rate

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Investment Highlights

High Traffic Count
On-Site Parking
Potential For Multi-Tenant Use

Built in 2004
Brick Construction
Great Investment or Owner User

Executive Summary

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.