Adaptable Warehouse in West
For Sale
$5,000,000
845 Bassett Street Northwest, Salem, OR 97304
47,600 SF warehouse on 2.27 acres in Salem.
Property Size47,600 SF
Lot Size2.27 Acres
Price / SF$105.04
Days on Market158
Property Features for 845 Bassett Street Northwest
General Information
Standard status
Active
Size
47,600 SF
Lot size
2.27 Acres
Property subtype
Industrial
Building Details
Building Size
47,600 SF
Year Built
1964
Listing Agency:
Tradition Real Estate Partners
(503) 939-7099
Listed By:
Dave Smith · License #OR #201215251
Source:
Traditionrep
Added: Mar 27
Changed: Aug 26
Last Checked: Aug 30 at 4:12PM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
Located at 845 Bassett St NW in Salem, this 47,600-square-foot concrete tilt-up warehouse sits on a 2.27-acre site within a 6.67-acre industrial park in West Salem. Constructed in 1964, the property is zoned MU-III (Mixed Use-III), offering mixed-use flexibility and adaptive reuse options. The zoning supports general manufacturing with on-site retail, conditional larger-scale manufacturing, and industrial services, promoting infill redevelopment in urban corridors. The warehouse features a 26-foot clear height, 48-by-40-foot column spacing, and a full sprinkler system. It includes six primary east-side dock doors and six secondary west-side dock doors, along with 3,000 square feet of office space. The property also benefits from 490 feet of road frontage, a fenced yard, and three-phase power. The MU-III zoning allows for full General Industrial (IG) uses like heavy vehicle service, warehousing, and equipment operations without rezoning, especially for pre-2022 industrial buildings. Positioned in a West Salem logistics hub with highway access and rail proximity, this property presents an opportunity for adaptive industrial ventures, delivering operational versatility and investment returns.
Key Highlights
- MU‑III zoning allows for flexible mixed‑use development.
- Located in a prime West Salem logistics hub with excellent highway access.
- Large 47,600‑square‑foot warehouse with 26‑foot clear height and 48‑by‑40‑foot column spacing.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97304, OR
34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- West Salem Storage — 650 2nd St NW, Salem, OR 97304
- Truitt. Bros. Inc. — 556 Murlark Ave NW #500, Salem, OR 97304
- IN Self Storage - Salem Wallace — 300 Musgrave Ave NW, Salem, OR 97304
- DBR Mini Storage — 297 Moyer Ln NW, Salem, OR 97304
- US Storage Centers — 350 Glen Creek Rd NW, Salem, OR 97304
Frequently Asked Questions
What type of property is this?
Warehouse - 47,600 SF warehouse on 2.27 acres in Salem.
Where is this warehouse located?
The property is located at 845 Bassett Street Northwest Salem, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: MU‑III zoning allows for flexible mixed‑use development.; Located in a prime West Salem logistics hub with excellent highway access.; Large 47,600‑square‑foot warehouse with 26‑foot clear height and 48‑by‑40‑foot column spacing.**
