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Inline Retail Space
For Lease
$44,640

862 Commercial St SE, Salem, OR 97302

Includes an open front area, private room, restroom, and sink/water access.

Space SizeContact for details
Property Size450 SF
Days on Market1105

Property Features for 862 Commercial St SE

General Information

Standard status Active
Size 450 SF
Total Parking Spaces 42
Zoning CR
Lease Type /mo

Space & Availability

Available From 2023-09-05
Private Offices 1

Amenities

front open area
private room
private restroom
sink/water access

Building Details

Building Size 450 SF
Listing Agency: Coldwell Bnkr/Commercial Div
Listed By: Pam Rushing · License #200202271
Source: Allprofessionalsre
Added: Aug 1, 2023 Changed: Aug 7 Last Checked: Aug 9 at 1:27PM

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 Coldwell Bnkr/Commercial Div

Investment Insights

Based on property information with market context.

Inline retail space at 862 Commercial St SE in Salem, Oregon, with an open front area and a separate private room. The premises also include a private restroom and sink/water access. The space is identified for retail or office use and carries CR zoning. Availability is listed for 9/5/23.

Key Highlights

  • Inline retail or office space
  • Open front area with private room
  • Private restroom included

Property Analytics

Current Use

Michael & Eddie’s Hair ... Hair Salon

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Catering 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,785
Businesses Nearby

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

Lease Benchmarks for Salem, OR

$24.55 /SF/Yr
Avg Asking Price
$10–$38 /SF/Yr
Price Range
10,950 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Includes an open front area, private room, restroom, and sink/water access.
Where is this retail space located?
The property is located at 862 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $44,640.
What are key features of this property?
This property features: Inline retail or office space; Open front area with private room; Private restroom included
More about this property
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