1101 Electric RD, Salem, VA 24153
$995,000
Property Type:
Commercial
Lot Size (sq. ft.):
27,007
Status:
Active
Current Price:
$995,000
List Date:
3/06/2026
Last Modified:
3/25/2026
Overview
Description
Positioned along the well-traveled Electric Road corridor in Salem, Virginia, this ±5,163 SF professional office building offers investors a stable multi-tenant asset within one of the region's primary commercial corridors.
Constructed in 2004 and situated on approximately ±0.62 acres, the property features two office suites designed to accommodate professional and medical office users. The building offers modern construction, efficient layouts, ample natural light, and dedicated on-site parking for tenants and visitors.
Currently leased to two established professional tenants, including a medical office user, the property provides consistent in-place income while offering future rental growth potential as leases roll to market rates.
Listing Details MLS# 925213
Location, Tax & Legal
- Area
- 0300 - City of Salem
- Street Number
- 1101
- Street Name
- Electric
- Street Suffix
- RD
- State/Province
- VA
- Zip Code
- 24153
- Municipality
- City of Salem
- Major Area
- 03 - City of Salem
- Tax ID
- 060002201
- Annual Taxes
- 7216
General Property Description
- Construction Status
- Completed
- Year Built
- 2004
- Total Acreage
- 0.62
- Flood Area
- No
- On site Parking
- Yes
- Lease Available
- No
- Water Class
- N/A
Remarks & Misc
- Directions
- 1101 Electric RD, Salem, VA 24153
Limited Service
- Not Limited Service
- Yes
Commercial Type
- Investment
- Yes
- Office
- Yes
More Information
Business Type
- Medical
- Yes
- Professional/Office
- Yes
Sale Includes
- Building & Land
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Investment; Office
Business Type:
Medical; Professional/Office
Sale Includes:
Building & Land
Manufactured Homes:
No HUD Tag
Water Description:
Public
Sewer Description:
Public Sewer
Listing Office:
INVESTORS REAL ESTATE PARTNERS LLC
Last Updated: March - 25 - 2026
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