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Medical Office Building For Sale

1707 Lansing Ave NE, Salem, OR

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For Sale

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3,392 SF medical office building with ample parking.

Type:OFFICE

Property size:

3,392 SF

Lot size:

0.27 Acres

Price / SF:

$206/SF

HighLights

Abundant parking with 33 spaces, including ADA.
Mixed Use III zoning offers potential to convert the second floor into living quarters.
Currently a medical office featuring multiple private offices, billing office, and reception/waiting area.
Building size of 3,392 SF.
Second level includes a break area and private office.
Previously used as a chiropractic office.

We can help!

Listing Contact

Ruth Dana

For Sale

Contact for pricing

3,392 SF medical office building with ample parking.

Type:OFFICE

Property size:

3,392 SF

Lot size:

0.27 Acres

Price / SF:

$206/SF

Added:: Jun 11, 2025
Days on Market:: 372
Last Refresh:: May 20 at 10:01 pm

Property Features for 1707 Lansing Ave NE

General Information

Standard status: Active
Size: 3,392 SF
Lot size: 0.27 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Ruth Dana

Listing agent Ruth Dana License #900300123

Listing office First Commercial Real Estate

Listing date Jun 11, 2025

Source Moodyscre

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 First Commercial Real Estate

HighLights

Abundant parking with 33 spaces, including ADA.
Mixed Use III zoning offers potential to convert the second floor into living quarters.
Currently a medical office featuring multiple private offices, billing office, and reception/waiting area.
Building size of 3,392 SF.
Second level includes a break area and private office.
Previously used as a chiropractic office.

Overview

This 3,392 square foot medical office building was built for and is currently occupied by a chiropractic office. The building features multiple private offices, including a separate billing office and reception/waiting area. The second level is currently used as a break area that also includes a private office. The second floor has been previously used as living quarters, which the Mixed Use zoning allows for. There are 17 parking spaces in front of the building, including one ADA space, with an adjoining second lot providing 16 additional parking spaces. The property is located in Salem, OR.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$73.3k	$21.60
− Vacancy	−$11.0k	−$3.24
EGI	$62.3k	$18.36
− OpEx	−$15.6k	−$4.59
NOI	$46.7k	$13.77

3,392 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$667.3K

$583.9K – $778.5K (±1% cap)

NOI $46,708 @ 7.0% cap · market cap 6.67%

Second Best

Healthcare Medical

$648.9K

$567.8K – $757.1K (±1% cap)

NOI $45,426 @ 7.0% cap · market cap 6.49%

Theoretical Best

Office A

$900.6K

$788.0K – $1.05M (±1% cap)

NOI $63,042 @ 7.0% cap · market cap 9.01%

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

Property Profile Location Intelligence

Current Use by Public Records

Myoride Fitness Gym & Fitness Center Peter Lind Chiropractic Alternative Medicine Practice Dr. Christopher Stevenson Alternative Medicine Practice Healthy Back Chiropractic Alternative Medicine Practice Tracy Brogoitti Alternative Medicine Practice

Suggested Use

Similar Places Nearby

Vetco Total Care Animal Hospital — 3811 Center St NE, Salem, OR 97301
Hovenden, Chris DVM — 3215 Market St NE, Salem, OR 97301
Petco Vaccination Clinic — 3811 Center St NE, Salem, OR 97301
Maccarthy Susan A DVM — Salem, OR 97301
Titus Zoe DVM — 3215 Market St NE, Salem, OR 97301

Location Insight

Map
Local Demand

City: Salem
County: Marion
State: Oregon
Longitude: -122.998
Latitude: 44.9509

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For sale
Medical Office Space
OR
Salem
1707 Lansing Ave NE

What type of property is this?

Medical Office Space - 3,392 SF medical office building with ample parking.

Where is this medical office space located?

The property is located at 1707 Lansing Ave NE Salem, OR.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Abundant parking with 33 spaces, including ADA.; Mixed Use III zoning offers potential to convert the second floor into living quarters.; Currently a medical office featuring multiple private offices, billing office, and reception/waiting area.

1707 Lansing Ave NE, Salem, OR

3,392 SF medical office building with ample parking.

Property Features for 1707 Lansing Ave NE

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Dual Living Opportunity in Salem

Two-Building 4-Unit Residential Property

Downtown Multi-Family Investment

Multifamily Apartment Building with Laundry

Detached 4-Unit Multifamily Property

Six-Unit Multifamily Building

Well-Maintained Multifamily Investment Opportunity

Manufactured Home Duplex on Acreage

Duplex with Attached Garages

Corner-Lot Duplex with Private Yards

Salem Duplex with Garages

Duplex with Income Potential

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