Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1895 12Th St SE Salem, OR 97302

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Two-parcel corner lot with a long-term tenant in place.

    Property size:
    2,640 SF
    Lot size:
    0.27 Acres

    Property Features for 1895 12Th St SE

    General Information

    Size
    2,640 SF
    Lot size
    0.27 Acres

    Source: Tradition Real Estate Partners Agent AJ Nash

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

    Overview

    Corner Lot Investment Opportunity

    This is a corner lot investment opportunity located on 12th and Hoyt Street in SE Salem. The property consists of two parcels totaling 0.28 acres and is zoned CR. The sale includes a 2,640 square foot building. A new roof replacement is included in the purchase price, along with a $15,000 buyer credit for additional repair work. The property has a new 10-year lease in place and operates at a 6% cap rate. The location benefits from high traffic and high visibility, with a long-standing tenant currently occupying the space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Similar Places Nearby

    Lollypops & Roses

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0310748
    Latitude
    44.9191715

    Nearby Similar for Sale

    • $675,000
      4,192 SF

      Spacious Duplex on Large Lot

      Two well-maintained homes on a 0.58-acre lot, perfect for families.
      4455 Blueberry -4445 Ln NE, Salem, OR 97305
      View Details
    • $675,000
      25,265 SF

      Spacious Multi-Family Property in Salem

      Two homes on 0.58 acres, ideal for multi-generational living.
      4445 Blueberry Ln NE, Salem, OR 97305
      View Details
    • $749,900
      2,754 SF

      Salem Office Building with Apartment

      Two-story office conversion with studio apartment in South Salem.
      1705 Commercial St SE, Salem, OR 97302
      View Details
    • $649,900
      0.18 Acres

      Remodeled Duplex on Double Lot

      Remodeled duplex with two units on a double lot.
      1117 6Th St, Salem, OR 97304
      View Details
    • $508,000
      2,474 SF

      Salem Duplex on Corner Lot

      Duplex on large corner lot with updated interior/exterior remodel.
      2808-2806 Livingston St NE, Salem, OR 97301
      View Details
    • $505,000
      1,930 SF

      Turnkey Duplex in Prime Location

      Remodeled duplex near amenities, offering immediate rental income potential.
      1015 Park Ave NE, Salem, OR 97301
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-parcel corner lot with a long-term tenant in place.
    Where is this storefront property located?
    The property is located at 1895 12Th St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - New 10-Year Lease in Place; - Secure a solid investment with a **6% Cap Rate**; - **High Traffic, High Visibility Location**
    (503) 559-9279
    Request Owner's contact information
    1895 12Th St SE Salem, OR 97302
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1895 12Th St SE
    Salem, OR 97302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1895 12Th St SE Salem, OR 97302
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.