4746 Portland Rd NE, Salem, OR

Listing office Commercial Realty Advisors Northwest LLC Show Phone

Listing date Aug 12, 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 Commercial Realty Advisors Northwest LLC

Report an issue

---

Overview

Located in North Salem, this retail property is situated near Interstate 5, at the corner of Portland Rd NE (Hwy 99 E) and Hayesville Dr NE. The property benefits from its proximity to nearby tenants, including McDonalds, Harbor Freight, 76, and Dutch Bros. The property includes vacant shop space, presenting a value-add opportunity. There are five years remaining on the lease, with options for two additional five-year terms and 7% rent increases.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Salem

County

Marion

State

Oregon

Longitude

-122.984

Latitude

44.9926

Nearby Similar for Sale

• 

  $599,900

  2,268 SF

  Duplex with Two 3BR Units

  Two 3-bedroom, 2-bath units with attached oversized garages, fenced yards, and washer/dryer hookups.

  1825-1835 Turnage St NW, Salem, OR 97304

  View Details
• 

  $699,900

  2,704 SF

  Downtown Multi-Family Investment

  Six-unit converted home with individual water and electric meters, offering a flexible studio-to-two-bedroom unit mix.

  1196 Chemeketa St NE, Salem, OR 97301

  View Details
• 

  $899,900

  5,278 SF

  Multifamily Apartment Building with Laundry

  Two-bedroom, one-bath units with off-street parking, on-site laundry, and electric heat with separate meters.

  1341 Saginaw St S, Salem, OR 97317

  View Details
• 

  $550,000

  2,282 SF

  Detached 4-Unit Multifamily Property

  Detached fourplex with private entrances, separate utilities, fenced courtyard, and off-street parking near downtown Salem.

  771 21st St SE, Salem, OR 97301

  View Details
• 

  $1,500,000

  6,900 SF

  Well-Maintained Multifamily Investment Opportunity

  Three duplexes in Salem, OR, fully occupied and professionally managed.

  4212 47TH Ave NE, Salem, OR 97305

  View Details
• 

  $665,000

  4,192 SF

  Manufactured Home Duplex on Acreage

  Two well-maintained manufactured homes on a 0.58-acre lot offer flexible living and rental options.

  4455 Blueberry (-4445) Ln NE, Salem, OR 97305

  View Details
• 

  $450,000

  2,000 SF

  Duplex with Attached Garages

  Two 2-bedroom, 1-bath units each with an attached 1-car garage and private backyard space.

  3441 Livingston St NE, Salem, OR 97301

  View Details
• 

  $605,000

  7,200 SF

  Multi-Tenant Retail Strip Center

  Leased multi-tenant retail center with on-site parking and strong corridor visibility near downtown and I-5.

  1200 Hawthorne Ave NE, Salem, OR 97301

  View Details
• 

  $450,000

  2,000 SF

  Salem Duplex with Garages

  Duplex in Salem with garages and private backyards.

  3441 LIVINGSTON St, Salem, OR 97301

  View Details
• 

  $799,000

  4,262 SF

  Duplex with Income Potential

  Duplex with ADU and Airbnb potential in Salem, Oregon.

  1525 SE LEE St, Salem, OR 97302

  View Details
• 

  $399,900

  1,013 SF

  Retail Storefront Property

  For-sale retail storefront on a small lot in Salem, Oregon, with CR zoning for commercial use.

  4055 Silverton Rd NE, Salem, OR 97305

  View Details
• 

  $508,000

  2,474 SF

  Remodeled Duplex on Corner Lot

  Remodeled duplex on a corner lot with two driveways, a garage, and carport parking for added tenant flexibility.

  2806 Livingston -2808 St NE, Salem, OR 97301

  View Details

FAQs

What type of property is this?

Retail space - Retail property with value-add opportunity in North Salem.

Where is this retail space located?

The property is located at 4746 Portland Rd NE Salem, OR.

What is the asking price?

The asking price for this property is $4,175,000.

What are key features of this property?

This property features: High‑traffic location on corner of Portland Rd NE (Hwy 99 E) and Hayesville Dr NE, near I‑5.; Existing lease with 5 years remaining and options for renewal with 7% rent increases.; Proximity to established tenants like McDonalds, Harbor Freight, Dutch Bros.