1101 Electric Rd, Salem, VA 24153

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Sold Price
$930,355
List Price
$995,000

Property 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.

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Listing courtesy of INVESTORS REAL ESTATE PARTNERS LLC. Selling Office: EDWIN C HALL ASSOCIATES INC.