Liberty St Salem, OR 97302
This beautifully renovated 3,228 square foot office building presents a unique opportunity in Salem's desirable Commercial/Liberty corridor. Originally constructed in 1908, this charming property has undergone significant improvements, ensuring modern functionality while retaining its historic character. A complete remodel in 2019 included a new roof, enhancing both aesthetics and energy efficiency. Further upgrades in 2024 encompassed the installation of new upstairs windows, improving natural light and insulation, and a new driveway entrance, enhancing accessibility and curb appeal. Situated on a 0.26-acre lot, the building offers ample space for a variety of professional uses. The property is ideally suited for businesses seeking a prestigious address and a blend of historic charm and contemporary amenities. Its prime location within the Commercial/Liberty corridor provides excellent visibility and convenient access to major thoroughfares, making it an attractive option for professionals such as lawyers, CPAs, engineers, or other office-based businesses. The well-maintained condition of the building reflects a commitment to quality and longevity, promising a rewarding investment for the discerning buyer. This is a rare opportunity to acquire a meticulously updated historic building in a highly sought-after location. The asking price for this exceptional property is $985,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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