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    Fairview Ave Salem, OR 97302

    Sponsored
    For Sale
    $529,000

    Spacious Office, 1вЃ„2 Acre Lot, 7 Parking Spaces

    Property size:
    2,130 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,130 square foot office building presents a unique opportunity in Salem, Oregon's desirable Southeast sector, nestled between Pringle and 12th. Situated on a generous half-acre lot, the property boasts ample parking with space for seven vehicles, including an attached one-car garage. The building's thoughtful design caters to a variety of business needs. The main floor features a welcoming reception area, a functional kitchen, a dedicated conference room, and versatile private and open office spaces. Upstairs, you'll find an additional private office and more flexible open space, ideal for expansion or adaptable uses. A full basement provides further office space, accessible via a separate entrance, along with valuable dry storage and the mechanical room. The property benefits from an ADA-compliant paver entryway. Substantial renovations were completed in 2001, and the building has been meticulously maintained, evidenced by the recent installation of a new HVAC and air conditioning system. The property is zoned CO, offering flexibility for various business types. The seller may consider financing options with a 5% interest rate

    Property Features for Fairview Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,130 SF
    Lot Size
    22,651 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0448
    Latitude
    44.91351

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office, 1вЃ„2 Acre Lot, 7 Parking Spaces
    Where is this office property / space located?
    The property is located at Fairview Ave Salem, OR.
    What is the asking price?
    The asking price for this property is $529,000.
    (503) 877-4653
    Request Owner's contact information
    Fairview Ave Salem, OR 97302
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    Salem, OR 97302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Fairview Ave Salem, OR 97302
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