Listing Agency: Platz Realty Group Show Phone

Listed By: Theresa Morse · License #SAL.2022004714 Show Phone

Source: Moodyscre

Added: Aug 29, 2024 Changed: Oct 5 Last Checked: Oct 5 at 7:54PM

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Investment Insights

Based on property information with market context.

This is a fully leased investment property, formerly the Salem Trading Post, offering various possibilities. The property includes leased retail space on the first floor. The second floor features two rented apartment units, and the third floor contains a rented studio apartment. Front parking is available, with additional public parking located across the street.

Key Highlights

• 100% Leased: Provides immediate income.
• Investment Property with Many Possibilities.
• Leased Retail Space (1st Floor): Offers established tenant.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Electrical Service Parking Lot & Garage Hair Salon

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

Location Intelligence

Trade Area within ½ mile

649

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully leased mixed-use building with retail and apartment units.

Where is this mixed-use property located?

The property is located at 241 E State St Salem, OH.

What is the asking price?

The asking price for this property is $236,000.

What are key features of this property?

This property features: 100% Leased: Provides immediate income.; Investment Property with Many Possibilities.; Leased Retail Space (1st Floor): Offers established tenant.