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501 W 4th St
Salem, VA 24153

$2,000 USD/MO

Fast Food For Lease  •  1,500 SF

Property Details

  • Property Type Fast Food
  • Year Built 1988
  • Total Building Size 1,500 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning HBD
30 Transit Score
40 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 1,500 SF $16.00 USD/SF/YR 
Available for lease for the first time in nearly 40 years, this open floor plan property is an ideal location for a new business. The space features one interior office, two bathrooms, and retail glass doors. Additional amenities include a utility sink in the storage closet and 15 private parking spaces.

The property offers excellent visibility with heavy daily traffic. Tenants are permitted to install exterior signage and utilize the existing billboard located near W. 4th Street. Situated just around the corner from Main Street in Salem, the building is within walking distance of numerous local businesses and restaurants.

The building is currently being offered in as-is condition.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description 

Available for lease for the first time in nearly 40 years, this open floor plan property is an ideal location for a new business. The space features two bathrooms, and retail glass doors. Additional amenities include a utility sink in the storage closet and 10+ private parking spaces. 

The property offers excellent visibility with heavy daily traffic. Tenants are permitted to install exterior signage and utilize the existing billboard located near W. 4th Street. Situated just around the corner from Main Street in Salem, the building is within walking distance of numerous local businesses and restaurants.

Completed Renovations (Within the last 45 days):


- New drywall and paint throughout the main open area

- New hot/cold PEX plumbing lines installed

- Two new commodes and a new faucet installed in the restrooms

- New LED flat-panel lighting installed throughout the building

- New 2x2 ceiling tiles installed throughout the main open area

- New HVAC ductwork and air vents installed throughout the building

- Interior HVAC wall unit and one rooftop unit serviced and cleaned


Items to be completed prior to occupancy:


- Removal of the non-operational HVAC wall unit, to be replaced with a window for natural light

- Replacement of the rooftop HVAC unit

- New flooring and cove base to be installed in the main open area (the tenant will have a selection allowance of up to $6.50/sq. ft.)

Highlights

Heavy foot traffic
Heavy traffic area
Spacious private parking

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC

Public Transportation

Commuter RailDriveWalkDistance
Roanoke (Northeast Regional - Amtrak) 18 min - 7.5 mi
AirportDriveWalkDistance
Roanoke/Blacksburg Regional (Woodrum Field) 20 min - 8.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Brandon Meade 540-725-8106 F+ W Real Estate Group
Brandon Meade 540-725-8106 F+ W Real Estate Group