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    1253 23Rd St SE Salem, OR 97302

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    For Lease
    $28 SF/Yr ($8,190 /Mo)

    Freestanding drive-through restaurant for lease in excellent location.

    Property size:
    3,510 SF
    Lot size:
    1.26 Acres

    Property Features for 1253 23Rd St SE

    General Information

    Size
    3,510 SF
    Lot size
    1.26 Acres

    Source: First Commercial Real Estate Agent Ruth Dana

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

    Overview

    Freestanding Drive-Through Restaurant Opportunity

    This is a free-standing drive-through restaurant available for lease. The property benefits from an excellent location and signage along Mission Street. While there is no hood, other restaurant infrastructure is in place. NNN expenses are estimated at $8.73 per square foot per year, which includes water and sewer. The property has a size of 3510 square feet.
    Location Intelligence

    Current Use by Public Records

    The Chicken Shanty Chicken Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -123.015129
    Latitude
    44.9233984

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    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding drive-through restaurant for lease in excellent location.
    Where is this drive through restaurant located?
    The property is located at 1253 23Rd St SE Salem, OR.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Free-standing drive-through restaurant; - Excellent location along Mission Street; - Signage along Mission Street offers great visibility.
    (503) 364-7400
    Request Owner's contact information
    1253 23Rd St SE Salem, OR 97302
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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
    1253 23Rd St SE Salem, OR 97302
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