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Space Available For Lease 2
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Contacts
Phillips Edison & Company
Phillips Edison & Company
Property Details
- Property Type Retail
- Property Size 87,784 SF
- Date Updated Mar 27, 2026
- Visibility/Traffic Count (VPD) 34,400
Kroger-anchored Lakeside Plaza offers retail space for lease in Salem, Virginia, at the busy intersection of U.S. 460 and State Route 419, located five miles west of the Roanoke Regional Airport and Valley View Mall.
Vibrant shopping center anchored by Kroger, the dominant grocer in the market
Home to Roanoke College and the Salem Red Sox, the minor league affiliate of the Boston Red Sox
Busy intersection (34,400 ADT) at Main Street (U.S. 460) and Electric Road (State Route 419)
Over 51,600 people live within three miles with an average household income of over $79,000
Key national tenants include Subway and Great Clips; Outparcel tenants include Starbucks, AT&T and McDonald's
Located five miles west of the Roanoke Regional Airport and Valley View Mall
Reach out to the broker for more info on lease terms and amenities
Getting around
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54/100
Walk Score ®
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29/100
Bike Score ®
Location
- City Salem, VA
- Zip Code 24153
- Market Richmond Tidewater
Points of Interest
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Kroger
0.11 miles
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Speedway
1.23 miles
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Pure Oil
1.45 miles
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Shell
1.83 miles
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Sheetz
1.92 miles
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Exxon
2.15 miles
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BP
2.30 miles
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Liberty
2.37 miles
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Mobil
2.39 miles
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Kroger Fuel
2.72 miles
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Hanging Garden Trail Parking South
0.55 miles
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Mason Creek Greenway Parking
1.33 miles
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Faculty/Staff/Commuter Parking
1.34 miles
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Faculty/Staff Parking
1.38 miles
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Admissions Guest Parking
1.42 miles
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Parking Lot Y
1.56 miles
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Parking Lot Z
1.57 miles
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China Fresh
0.02 miles
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IHOP
0.05 miles
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Subway
0.10 miles
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Hibachi Express
0.11 miles
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McDonald's
0.12 miles
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Hardee's
0.17 miles
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Tivoli Pizza
0.39 miles
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Parkers Seafood Restaurant
1.17 miles
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Mac and Bob's
1.42 miles
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Freshens Fresh Food Kitchen
1.47 miles
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Kroger
0.06 miles
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Food Lion
1.63 miles
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Roanoke Grocery Market
1.65 miles
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More Supermarket
1.92 miles
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The Dilly Dally
2.07 miles
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Burlington
2.71 miles
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Big Lots
2.74 miles
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Food Giant
2.98 miles
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Walmart Supercenter
3.37 miles
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Roanoke Natural Foods Co-op
3.52 miles
161 Electric Road Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
The rent for retail space at 161 Electric Road is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.
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The property includes 4,550 square feet of retail space for lease. Of this total, 2,450 square feet are Restaurant, 2,100 square feet are Retail.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
