This prime shopping center offers a fantastic investment opportunity for those looking to expand their commercial real estate portfolio. With over 24,000 square feet of leasable space spread across 7 individual units, this property provides a diverse rental income stream. Situated on 9.59 acres m/l of land, there is ample room for further development and expansion to capitalize on the growing demand for commercial space in the area. The property benefits from a large parking lot, ensuring convenient access for both tenants and customers. Strategically located with excellent highway frontage, this shopping center enjoys high visibility and traffic exposure, making it an ideal location for businesses looking to attract customers and drive sales. Don't miss out on this rare opportunity to acquire a well-positioned shopping center with the potential for future growth and increased returns. Schedule a viewing today to explore the possibilities that this property has to offer.
The median home value in Salem, AR is $143,450. This is higher than the county median home value of $131,200. The national median home value is $338,100. The average price of homes sold in Salem, AR is $143,450. Approximately 44.13% of Salem homes are owned, compared to 37.68% rented, while 18.2% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, Arkansas has a population of 1,433. Salem is less family-centric than the surrounding county with 29.67% of the households containing married families with children. The county average for households married with children is 30.59%.
The median household income in Salem, Arkansas is $29,152. The median household income for the surrounding county is $36,950 compared to the national median of $69,021. The median age of people living in Salem is 46.6 years.
The average high temperature in July is 90.6 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47 inches per year, with 5.6 inches of snow per year.