415 & 475 Cottage St NE Salem, OR 97301
Two-story office building with income-producing tenants and off-street parking.
Type:Office
Property size:
23,202 SF- Added:
- Jun 7, 2024
- Days on Market:
- 681
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 415 & 475 Cottage St NE
General Information
- Standard status
- Active
- Size
- 23,202 SF
- Property subtype
- Office
Building Details
- Year Built
- 1960
Listing agent Tanner Morgan License #201247465
Listing office First Commercial Real Estate Services
Listing date Jun 7, 2024
Source Crexi
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
Overview
Urban Office Building For Sale
This two-story, urban office building presents a unique opportunity for an owner-occupant seeking approximately 5,300 square feet. The building includes off-street parking and additional tenants, providing income that supports the asking price. The estimated stabilized value of the building is $5,000,000 once the vacant space is filled with a tenant paying market rents. With an asking price of $4,395,000, a buyer has consideration to carry the asset while sourcing a tenant or cushion to complete a remodel of the space to suit the specifications of the user. The property is located at 415 & 475 Cottage St NE, Salem, OR 97301 and has a property size of 23,202 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.0325777
- Latitude
- 44.9425833
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building with income-producing tenants and off-street parking.
Where is this office building located?
The property is located at 415 & 475 Cottage St NE Salem, OR.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: Opportunity for owner‑occupancy with approximately **5,300 SF available**.; Existing tenants provide income to offset the asking price.; Asking price of $4,395,000 allows for value appreciation to an estimated stabilized value of $5,000,000.
