Prime Salem / Roanoke Corner Property

For Lease

201 Electric Rd, Salem, VA 24153

You can currently find 1 retail space(s) available for lease at Prime Salem / Roanoke Corner Property. Designated use type for space listed here includes retail. Current retail listings at this property total 7,980 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Prime Salem / Roanoke Corner Property.

Space Available For Lease 1

Contacts

Thom Hubard, CCIM

Poe & Cronk Real Estate Group

Property Details

  • Property Type Retail - Street Retail
  • Property Size 7,980 SF
  • Lot Size 1.26 Acre
  • Year Built 1989
  • Date Updated Sep 24, 2026
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.
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Attachments

Getting around

  • 55/100

    Walk Score ®

  • 29/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Salem, VA
  • Zip Code 24153

Points of Interest

  • Kroger

    0.16 miles

  • Speedway

    1.18 miles

  • Pure Oil

    1.47 miles

  • Shell

    1.81 miles

  • Sheetz

    1.95 miles

  • Exxon

    2.10 miles

  • BP

    2.34 miles

  • Mobil

    2.39 miles

  • Liberty

    2.41 miles

  • Kroger Fuel

    2.75 miles

  • Hanging Garden Trail Parking South

    0.60 miles

  • Mason Creek Greenway Parking

    1.28 miles

  • Faculty/Staff/Commuter Parking

    1.35 miles

  • Faculty/Staff Parking

    1.39 miles

  • Admissions Guest Parking

    1.43 miles

  • Parking Lot Y

    1.52 miles

  • Parking Lot Z

    1.52 miles

  • IHOP

    0.00 miles

  • China Fresh

    0.06 miles

  • Subway

    0.15 miles

  • Hibachi Express

    0.16 miles

  • McDonald's

    0.17 miles

  • Hardee's

    0.22 miles

  • Tivoli Pizza

    0.34 miles

  • Parkers Seafood Restaurant

    1.18 miles

  • Mac and Bob's

    1.41 miles

  • Freshens Fresh Food Kitchen

    1.47 miles

  • Kroger

    0.11 miles

  • Food Lion

    1.60 miles

  • Roanoke Grocery Market

    1.65 miles

  • More Supermarket

    1.90 miles

  • The Dilly Dally

    2.05 miles

  • Burlington

    2.72 miles

  • Big Lots

    2.73 miles

  • Food Giant

    2.97 miles

  • Walmart Supercenter

    3.37 miles

  • Roanoke Natural Foods Co-op

    3.49 miles

201 Electric Rd Listing Brief

  • 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.

    Retail space at Prime Salem / Roanoke Corner Property asks $15.95/SF/YR per square foot.

  • The property includes 7,980 square feet of retail space for lease. Of this total, 7,980 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN.

    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.

  • 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.

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