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    2945 Liberty Rd S Salem, OR 97302

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    For Sale
    $3,595,000

    High-traffic location with redevelopment potential in South Salem.

    Property size:
    19,095 SF
    Lot size:
    2.00 Acres

    Property Features for 2945 Liberty Rd S

    General Information

    Size
    19,095 SF
    Lot size
    2.00 Acres

    Source: First Commercial Real Estate Agent Jennifer Martin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Salem Retail Opportunity

    This 19,095 square foot building is situated on two acres in South Salem. The property is located in a high-traffic, high-income demographic area at the confluence of Liberty Road South and Commercial Street SE, near a concentration of retailers. The site has signalized direct access. The property offers potential for an owner-user or redevelopment. The current Mixed Use I zone allows for repurposing the building for a single user, dividing it for multi-tenancy, or complete redevelopment of the site.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office Depot Tech ... Computer Service FedEx ShipSite Mailing Service Office Depot Print ... Copy Shop Cary’s Bakeshop- Japanese ... Bakery Office Depot Office Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0466829
    Latitude
    44.9119828

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    FAQs

    What type of property is this?
    Storefront property - High-traffic location with redevelopment potential in South Salem.
    Where is this storefront property located?
    The property is located at 2945 Liberty Rd S Salem, OR.
    What is the asking price?
    The asking price for this property is $3,595,000.
    What are key features of this property?
    This property features: - High-traffic, high-income demographic area in South Salem.; - Located at the intersection of Liberty Road South and Commercial Street SE, near major retailers.; - **19,095 SF building on two acres with signalized direct access.**
    (503) 364-7400
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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
    2945 Liberty Rd S Salem, OR 97302
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