1201 ELECTRIC RD Salem VA 24153-6433

A quality office and warehouse building located along a prominent commercial corridor. This low maintenance building, according to the City of Salem GIS, consists of approximately 12, 372 square feet which includes about two thirds office space and one third warehouse space. There are twenty-three offices, a reception area, conference room, breakroom, two restrooms and three warehouse areas. It is situated on approximately 2 acres which are fenced and includes 2,760 square feet of covered storage with a tool room.

The property underwent an extensive renovation in 2016. The exterior facade was upgraded, the metal siding was replaced, and six new overhead doors were installed. Portions of the roof were redone at that time. The remodeled interior included updates to HVAC, electrical and plumbing. The reception area was built, offices were added, and some existing warehouse space was converted to offices. The building is climate controlled except for one warehouse area. Three phase power is available.

The property is zoned Light Industrial which is not typical of parcels on Electric Road. Retail and office space are predominant along the Electric Road / Route 419 corridor.

The tenant is in the fifth year of its lease term and has exercised its option to renew its lease for five additional years.

• Excellent building condition.

• Located along a commercial corridor.

• Dependable income stream.