Listing Agency: Coldwell Banker Commercial - Mountain West | Salem a***@cbcre.com Show Phone

Listed By: Pam Rushing · License #841000042 Show Phone

Source: Moodyscre

Added: Jun 25, 2024 Changed: Jul 6 Last Checked: Jul 21 at 4:01AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• Prime location in the bustling Salem area
• Zoned MU‑II for versatile usage options
• High visibility for retail businesses

Property Analytics

Property Profile

Current Use

Black Swan Boutique Clothing Store

Suggested Use

Top Pick HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Furniture & Home Goods Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,373

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Salem, OR

$26.17 /SF/Yr

Avg Asking Price

$10–$38 /SF/Yr

Price Range

21,569 SF

Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

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 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