For Sale $3,100,000
Property Type Retail - Street Retail
Property Size 12,655 SF
Units 6
Lot Size 0.19 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1898
Date Updated Sep 26, 2024

Ideally positioned on the corner of Court and Commercial Street in the heart of downtown Salem, one block each of Salem's Riverfront Park.Introducing an exceptional investment opportunity in the heart of Salem, Oregon. This historic 12,655 SF building, constructed in 1898 and featuring 5 units with basement storage, presents an enticing prospect for street retail investors. Zoned CB and boasting a coveted 100% occupancy rate, this property offers stability with long term tenants in place with long term leases. With a prime location in the Salem area, situated on the corner lot of Commercial St and Court Street in NE Salem, this property is well positioned to attract a wide range of customers and businesses. Don't miss the chance to add this thriving asset to your portfolio.

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Highlights

7.02% Cap Rate (NOI 217,603)
Long Term Tenants with Long Term Leases in Place
Anchor Tenant under Market Rates
12,655 SF Historic Building
5 Units with Basement
100% Occupancy, Ensuring Immediate Returns
Prime Corner Lot in Thriving Downtown Salem
Built in 1898 with Charm and Character
Zoned CB for Versatile Commercial Use
High Visibility, High Traffic Location

Contacts

Alvin J. Nash

Tradition Real Estate Partners

Location

Getting Around

Walk Score ®
75/100 Very Walkable
Transit Score ®
61/100 Good Transit
Bike Score ®
88/100 Very Bikeable

Map
Street

City Salem, OR
Neighborhood Central Salem
Zip Code 97301
Market Eugene

Points of Interest

Salem Amtrak Station

0.88 miles

Blink

0.11 miles
Blink

0.18 miles
Blink

0.29 miles
Blink

0.49 miles
Arco Gas Station

0.64 miles
Circle K

0.64 miles
Pacific Pride

0.65 miles
SemaConnect

0.74 miles
ChargePoint

0.77 miles
SemaConnect

0.78 miles

Chemeketa Parkade

0.08 miles
Riverfront Park (North Lot)

0.14 miles
Liberty Square Parkade

0.17 miles
Riverfront Park (South Lot)

0.20 miles
Marion Parkade

0.30 miles
Reserved Lot A

0.47 miles
Salem Library Parkade

0.52 miles
Permit Parking

0.54 miles
Green Lot - Dept of Admin Services

0.56 miles
Visitor Parking

0.60 miles

Busick Court Restaurant

0.03 miles
Court Street Dairy Lunch

0.06 miles
Chira's

0.08 miles
India Palace

0.08 miles
Macedonia Greek Restaurant

0.08 miles
BelgiQue Sugar Waffles

0.08 miles
Brown's Towne Lounge

0.09 miles
Old Spaghetti Warehouse

0.09 miles
Straight From New York Pizza

0.09 miles
503 Sushi Bar

0.09 miles

JCPenney

0.12 miles
Ross

0.21 miles
TJ Maxx

0.22 miles
Salem Center Mall

0.24 miles
Kohl's

0.27 miles
Macy's

0.30 miles
Grocery Outlet

0.56 miles
Roth's West Salem

0.77 miles
Safeway

1.14 miles
LifeSource Natural Foods

1.84 miles

Frequently Asked Questions

How much does Retail Investment Opportunity cost?

The space currently listed for sale at Retail Investment Opportunity asks for $3,100,000.

What is the total square footage of Retail Investment Opportunity?

Retail Investment Opportunity totals 12,655 square feet.

When was this property built?

Retail Investment Opportunity was built in 1898.

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