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    8362 Macleay Rd Salem, OR 97317

    Sponsored
    For Sale
    $950,000

    Historic Inn, Store, & Land - Endless Potential

    Property size:
    7,279 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Salem, Oregon property presents a unique investment opportunity encompassing a historic landmark: the Macleay Country Inn and Store. Situated on a substantial 3.69-acre lot, this assemblage includes seven tax lots, offering significant flexibility and potential for expansion. The main commercial building totals approximately 6,039 square feet, comprising a restaurant (roughly 3,987 sq ft) and a store (approximately 2,052 sq ft). The property's rich history and established business operations provide a strong foundation for continued success. Beyond the existing commercial structures, a separate residential house is included, adding further value and potential rental income. A significant advantage is the inclusion of a 2.12-acre buildable parcel directly behind the restaurant, complete with a well. This additional land presents numerous development possibilities, from expanding the existing businesses to creating new ventures. The property is zoned Community Commercial and RA, allowing for a variety of uses subject to buyer due diligence. The asking price is $950,000. This is a rare chance to acquire a well-established business with substantial land and significant upside potential in a desirable Salem location. The property's size, existing infrastructure, and zoning flexibility make it an ideal investment for entrepreneurs and developers seeking a unique and profitable venture. All square footages are approximate and should be verified independently.

    Property Features for 8362 Macleay Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,279 SF
    Lot Size
    160,736 SF

    Building Details

    Year Built
    1901
    Property Profile Location Intelligence

    Current Use by Public Records

    MacLeay Country Inn Restaurant

    Suggested Use

    Restaurant Clothing Store Accounting Firm Department Store Convenience Store Pet Store Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.8903
    Latitude
    44.90746

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Inn, Store, & Land - Endless Potential
    Where is this commercial real estate located?
    The property is located at 8362 Macleay Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $950,000.
    (503) 364-9596
    Request Owner's contact information
    8362 Macleay Rd Salem, OR 97317
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    Salem, OR 97317
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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
    8362 Macleay Rd Salem, OR 97317
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