NNN Retail
For Sale
$2,500,000
1220 12th St SE, Salem, OR 97302
Fully occupied commercial building with IC zoning and a long-term NNN lease structure.
Property Size22,708 SF
Price / SF$112.15
Days on Market9
Property Features for 1220 12th St SE
General Information
Standard status
Active
Size
22,708 SF
Property subtype
Retail
Zoning
IC
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
22,708 SF
Year Built
1948
Listing Agency:
NED BAKER REAL ESTATE
(503) 587-4777
Listed By:
Kelsi Sands · License #200111024
(503) 587-4777
Source:
Cbcworldwide
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NED BAKER REAL ESTATE
Investment Insights
Based on property information with market context.
This 22,292-square-foot commercial building in Salem dates to 1948 and previously served as a Coke bottling facility. The property is zoned IC, supporting its current retail-oriented classification and commercial positioning.
Occupancy is reported at 100%, with the existing lease scheduled to continue through April 30, 2030. The agreement includes two five-year renewal options and is structured on an NNN basis. The property is also located within an Opportunity Zone and is situated at 1220 12th St SE in Salem, Oregon.
Occupancy is reported at 100%, with the existing lease scheduled to continue through April 30, 2030. The agreement includes two five-year renewal options and is structured on an NNN basis. The property is also located within an Opportunity Zone and is situated at 1220 12th St SE in Salem, Oregon.
Key Highlights
- 22,292 SF commercial building constructed in 1948
- Former Coke bottling facility at 1220 12th St SE, Salem, OR 97302
- 100% occupancy under the current lease
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied commercial building with IC zoning and a long-term NNN lease structure.
Where is this nnn property located?
The property is located at 1220 12th St SE Salem, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 22,292 SF commercial building constructed in 1948; Former Coke bottling facility at 1220 12th St SE, Salem, OR 97302; 100% occupancy under the current lease
