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    State St Salem, OR 97301

    Sponsored
    For Sale
    $1,900,000

    High-end retail space, excellent investment.

    Property size:
    5,880 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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.

    Property Features for State St

    General Information

    Property type
    Retail properties
    Square Feet
    5,880 SF
    Lot Size
    67,954 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0418
    Latitude
    44.94073

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    FAQs

    What type of property is this?
    Retail property - High-end retail space, excellent investment.
    Where is this retail property located?
    The property is located at State St Salem, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (503) 588-0400
    Request Owner's contact information
    State St Salem, OR 97301
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    Salem, OR 97301
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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
    State St Salem, OR 97301
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