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Restaurant Building Near Retail Centers
For Sale
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2920 Commercial St. SE, Salem, OR 97302

Existing restaurant use within a commercial retail structure positioned in front of two retail centers.

Property Size3,174 SF
Days on Market145

Property Features for 2920 Commercial St. SE

General Information

Standard status Active
Size 3,174 SF
Property subtype Retail
Listing Agency: First Commercial Real Estate Services
Listed By: Joshua Kay · License #OR 201215272
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 6:10PM

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 Services

Investment Insights

Based on property information with market context.

The property is a 3,174 SF retail building currently operated as a restaurant. Its existing commercial configuration provides a defined base for continued restaurant use, subject to applicable requirements.

Positioned in front of two retail centers, the building forms part of a multi-property retail setting on Commercial St. SE in Salem. The surrounding centers and neighboring tenants create an established commercial environment, with the property situated among complementary retail activity.

The sale includes the building and its existing restaurant use at 2920 Commercial St. SE, Salem, Oregon 97302.

Key Highlights

  • 3,174 SF retail building currently used as a restaurant
  • Positioned in front of two retail centers
  • Located at 2920 Commercial St. SE in Salem, OR 97302

Property Analytics

Current Use

Commercial Fairview Shopping Center & Mall BestMed Urgent Care Medical Clinic

Suggested Use

Top Pick Electrical Service Parking Lot & Garage HVAC Service Storage Facility Locksmith (Bike/Boat/Book/etc) Store

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

853
Businesses Nearby
Under-served
Demand for This Use

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

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

What type of property is this?
Conventional restaurant - Existing restaurant use within a commercial retail structure positioned in front of two retail centers.
Where is this conventional restaurant located?
The property is located at 2920 Commercial St. SE Salem, OR.
What are key features of this property?
This property features: 3,174 SF retail building currently used as a restaurant; Positioned in front of two retail centers; Located at 2920 Commercial St. SE in Salem, OR 97302
More about this property
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