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Retail Space with Ample Parking

1590 12th St SE, Salem, OR 97302

For Lease
$6,500/Mo

The property is zoned CG, with potential uses subject to city review.

Space SizeContact for details
Property Size4,500 SF
Days on Market66

Property Features for 1590 12th St SE

General Information

Standard status Active
Size 4,500 SF
Total Parking Spaces 20
Zoning CG

Site & Location

Neighborhood Southeast Salem Neighborhood Association (Sesna)

Building Details

Building Size 4,500 SF
Listing Agency: Nvest Real Estate And Property Management LLC
Listed By: Casey Oliver · License OR #201223998
Source: Horsepowerrealestateproperties
Added: Sep 8 Changed: Nov 11 Last Checked: Nov 12 at 4:15PM

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 Nvest Real Estate And Property Management LLC

Rey
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Investment Insights

Based on property information with market context.

This 4,500-square-foot retail space is available for lease and includes ample parking. Its CG zoning provides a basis for evaluating a range of commercial uses, with specific use approval to be confirmed with the city.

The property is located at 1590 12th St SE in Salem, Oregon.

Key Highlights

  • 4,500 square feet of retail space
  • Ample parking
  • CG zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Locksmith Travel Agency Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,141
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Salem, OR

$28.93 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
7,845 SF
Avg Space Size

This space is priced 40% below the average of $28.93 /SF/Yr.

Properties on Market for Retail space in Salem

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The property is zoned CG, with potential uses subject to city review.
Where is this retail space located?
The property is located at 1590 12th St SE Salem, OR.
What is the lease rate?
The lease rate is $6,500/Mo.
What are key features of this property?
This property features: 4,500 square feet of retail space; Ample parking; CG zoning
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Includes: Price & PSF · Cap rate · Location · Zoning

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