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    1890 State St Salem, OR 97301

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    For Sale
    $400,000

    Retail property in Salem with high visibility and versatile zoning.

    Property size:
    2,512 SF
    Lot size:
    0.06 Acres

    Property Features for 1890 State St

    General Information

    Size
    2,512 SF
    Lot size
    0.06 Acres

    Source: Coldwell Banker Commercial - Mountain West | Salem Agent Alex Rhoten

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

    Overview

    Salem Retail Property For Sale

    This retail property, constructed in 1924, is located in the Salem area. The building offers 2512 square feet of space. Zoned MU-II, the property allows for versatile usage options. The location provides high visibility, making it suitable for retail businesses. The property blends classic architecture with modern potential and is positioned in Salem's retail landscape. It is suited for Retail/Street Retail investors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Black Swan Boutique Clothing 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.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0184704
    Latitude
    44.9345904

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    FAQs

    What type of property is this?
    Retail space - Retail property in Salem with high visibility and versatile zoning.
    Where is this retail space located?
    The property is located at 1890 State St Salem, OR.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime location in the bustling Salem area; - Zoned MU-II for versatile usage options; - High visibility for retail businesses
    (503) 588-3508
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    1890 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
    1890 State St Salem, OR 97301
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