State St, Salem, OR 97301
This exceptional 5,880 square foot retail property presents a remarkable owner-user or investment opportunity in Salem, Oregon. Strategically located adjacent to a major shopping mall, Willamette University, and Salem Health, this property benefits from high foot traffic and strong visibility. The building underwent extensive upgrades and renovations in 2022-2023, resulting in a significant enhancement of its functionality and appeal. Key improvements include the installation of a high-end, commercial-grade kitchen, perfectly suited for a variety of food-related businesses. Additionally, a beautifully finished event and dining space has been created, offering versatile options for use. The property sits on a sizable 1.56-acre lot, providing ample space for parking, outdoor seating, or potential expansion. Given its prime location, recent renovations, and versatile layout, this property represents a rare opportunity for businesses seeking a high-profile location or investors looking for a strong return. The asking price is $1,900,000. This is an exceptional opportunity to acquire a turn-key retail space in a thriving Oregon community. Contact us today to schedule a showing.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.