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Mixed-Use Property with Apartment

4120 Portland Rd, Salem, OR 97301

For Sale
$1,595,000

Commercial space includes existing video lottery hookups and a remodeled apartment on the lower level.

Property Size3,090 SF
Price / SF$516.18
Days on Market42

Property Features for 4120 Portland Rd

General Information

Standard status Active
Size 3,090 SF
Total Parking Spaces 6
Property subtype Commercial
Zoning Comm

Site & Location

Neighborhood Northgate Neighborhood Association

Building Details

Building Size 3,090 SF
Year Built 1956
Buildings 1
Listing Agency: Realty One Group Willamette Valley Stayton
Listed By: Desaree Parks
Source: Horsepowerrealestateproperties
Added: Oct 4 Changed: Nov 11 Last Checked: Nov 13 at 4:27PM

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 Realty One Group Willamette Valley Stayton

Rey
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Investment Insights

Based on property information with market context.

This 3,090-square-foot mixed-use property was built in 1956 and has commercial space with existing video lottery hookups. The lower level contains a remodeled apartment with two bedrooms, an office, and one bathroom. The building is also described as having two bathrooms. Zoning is Comm.

Key Highlights

  • 3,090‑square‑foot mixed‑use property built in 1956
  • Remodeled lower‑level apartment with 2 bedrooms, an office, and 1 bathroom
  • Existing video lottery hookups

Property Analytics

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Current Use

Benji's Sports Bar Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Parking Lot & Garage Kitchen & Bath Showroom HVAC Service

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

414
Businesses Nearby

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space includes existing video lottery hookups and a remodeled apartment on the lower level.
Where is this mixed-use property located?
The property is located at 4120 Portland Rd Salem, OR.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 3,090‑square‑foot mixed‑use property built in 1956; Remodeled lower‑level apartment with 2 bedrooms, an office, and 1 bathroom; Existing video lottery hookups
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