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Listed by KELSI SANDS • COLDWELL BNKR/COMMERCIAL DIV • 503-587-4777
$ 700,000
Est. payment | /mo
4,068 SqFt
$ 700,000
Est. payment | /mo
4,068 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,068 sqft
Price per Sqft $172
MLS Listing ID 829065
Year Built 1928
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Retail
Property Description
Investment Opportunity! Recently renovated building with vaulted ceilings and an openconcept. Currently leased to a marajunia retailer through August 31, 2026 with two (2)Five (5) year options. Lease is NNN, Landlord is currently grossing $49,200 in annualrent. Tenant has stated they are willing to extend for another 5 year term. Conveniently situated just a short distance from Interstate 5, the property offers easyaccess to regional transportation routes, facilitating seamless connectivity forcommuters and visitors. Additionally, the property is only a few minutes away fromdowntown Salem, ensuring proximity to the city's bustling commercial and cultural hub.
Location
State OR
County Marion
Area 20 Central Salem
Building
New Construction No
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