Prime Salem / Roanoke Corner Property

201 Electric Rd, Salem, VA 24153

Property Information

  • For Sale $1,595,000
  • Property Type Retail - Street Retail
  • Property Size 7,980 SF
  • Lot Size 1.26 Acre
  • Year Built 1989
  • Date Updated Sep 24, 2026

Description

Located off Electric Rd at the corner of Springfield Rd and Electric RdPresented exclusively for sale by Poe & Cronk Real Estate Group, 201 Electric Road offers a 7,980± square foot commercial building situated on approximately 1.26 acres at a highly visible signalized corner along one of the Roanoke Valley’s established commercial corridors. Positioned at a signalized intersection with strong exposure along Electric Road, the site is well suited for an owner-user, investor, or redevelopment buyer seeking prominent commercial location and broad reuse potential. The existing improvements and site configuration can accommodate a range of retail, medical, professional office, service, showroom, and other commercial applications. The 1.26± acre corner site also offers a repositioning or redevelopment opportunity. The combination of visibility, access, existing improvements, and a proven commercial setting provides opportunity to reuse the existing building, adapt it to a new commercial use, or evaluate the site for a more intensive long-term use.Presented by Thom Hubard and Stephen Pendergrass of Poe & Cronk Real Estate Group – 201 Electric Rd., offers a 7,980 sq. ft. stand alone building on a 1.26 acre parcel. The building is in Class A 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 for lease at $15.95 psf NNN.

Highlights

  • 7,980± SF commercial building on 1.26± acres
  • Flexible for retail, medical, office, service, or restaurant reuse
  • Prominent signalized corner along Electric Road
  • Strong owner-user, repositioning, or redevelopment opportunity

Contacts

Location

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