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    1230 State St Salem, OR 97301

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    For Sale
    $1,900,000

    Historic 5,880 SF property, renovated in 2023, ideal for ventures.

    Property size:
    5,880 SF
    Lot size:
    0.16 Acres

    Property Features for 1230 State St

    General Information

    Size
    5,880 SF
    Lot size
    0.16 Acres

    Source: SVN Commercial Advisors | Salem Agent Nick Williams

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

    Overview

    Renovated Retail/Restaurant Investment Opportunity

    This is a prime investment opportunity for retail and restaurant ventures. The historic 5,880 SF property, built in 1928, was fully renovated in 2023, combining vintage charm and modern amenities. Zoned MU-I, it offers versatile potential in Salem's thriving area. Featuring a single unit, this property provides an ideal canvas for a unique establishment. The full interior renovation offers a turnkey solution for investors. Its proximity to significant employers ensures a growing buyer pool.
    Insight Report Location Intelligence

    Current Use by Public Records

    1230 State Event ... Event Venue 1230 State Events ... Caterer

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0267515
    Latitude
    44.9366007

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    FAQs

    What type of property is this?
    Retail space - Historic 5,880 SF property, renovated in 2023, ideal for ventures.
    Where is this retail space located?
    The property is located at 1230 State St Salem, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime investment opportunity for retail and restaurant ventures.; - Fully renovated in 2023, offering a turnkey solution.; - Historic 5,880 SF property with vintage charm and modern amenities.
    (503) 569-4449
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    1230 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
    1230 State St Salem, OR 97301
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