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    1111-1117 Edgewater St NW Salem, OR 97304

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    For Sale
    $1,395,000

    Retail building with three leased spaces and recent renovations.

    Property size:
    7,940 SF
    Lot size:
    0.23 Acres

    Property Features for 1111-1117 Edgewater St NW

    General Information

    Size
    7,940 SF
    Lot size
    0.23 Acres

    Source: First Commercial Real Estate Agent Ruth Dana

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

    Overview

    Retail Building on Edgewater Street

    This retail building is located along the Edgewater Street corridor. The building is divided into three separately leased spaces: Max & Ro Hair Design and The Vault. Max & Ro Hair Design underwent a major renovation in 2016. The Vault and the former Old Zen Wine Bar underwent renovations in 2020. The Vault includes a full kitchen with a hood. Recent upgrades to the building include a new roof in 2024. The property has a size of 7940 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -123.0569502
    Latitude
    44.9414358

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    FAQs

    What type of property is this?
    Retail space - Retail building with three leased spaces and recent renovations.
    Where is this retail space located?
    The property is located at 1111-1117 Edgewater St NW Salem, OR.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - New roof installed in 2024.; - Three separately leased spaces provide immediate rental income.; - **The Vault includes a full kitchen with hood.**
    (503) 364-7400
    Request Owner's contact information
    1111-1117 Edgewater St NW Salem, OR 97304
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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
    1111-1117 Edgewater St NW Salem, OR 97304
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