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    2710 Commercial St Salem, OR 97302

    Sponsored
    For Lease
    $27 SF/Yr ($8,127 /Mo)

    High-Visibility Retail Space, Excellent Location

    Lot size:
    3,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,612 square foot standalone retail building in Salem, Oregon, is available for lease. Located at 2710 Commercial St SE, this single-tenant property offers a prime location with high visibility and traffic counts of 42,950 vehicles daily. The building's former use as a bank provides unique features including a drive-thru, a welcoming lobby, a vault, four private offices, and two restrooms. The interior boasts Class A finishes, such as LED lighting, newer carpet, and updated fixtures. The spacious 21,669 square foot lot provides ample parking and outdoor space. The Mixed Use III zoning allows for a variety of uses, making it ideal for professional retail or office tenants seeking a high-traffic location. The property is conveniently situated within walking distance of numerous businesses and retailers, further enhancing its appeal and accessibility. This well-maintained building presents a fantastic opportunity for a business seeking a prominent presence in a thriving Salem commercial district. The lease rate is $2.25 per square foot, NNN. The property is located in Marion County, Oregon, zip code 97302.

    Property Features for 2710 Commercial St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,612 SF
    Total Rate
    8127

    Unit(s) available at that property

    Space
    Size
    3,612 SF
    Rate per SF
    $27

    HighLights

    • 3,612 SF standalone retail building available for lease in Salem, OR.
    • 21,669 SF lot with ample parking.
    • Double‑lane drive‑thru.
    • 8 dedicated customer parking spaces and 2 ADA spaces; monument signage available.
    • Mixed‑Use III zoning.
    • $2.25/SF/NNN lease rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM - Umpqua Bank Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0445962
    Latitude
    44.914689

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    FAQs

    What type of property is this?
    Individual retail property - High-Visibility Retail Space, Excellent Location
    Where is this individual retail property located?
    The property is located at 2710 Commercial St Salem, OR.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 3,612 SF standalone retail building available for lease in Salem, OR.; 21,669 SF lot with ample parking.; Double-lane drive-thru.
    Request Owner's contact information
    2710 Commercial St Salem, OR 97302
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    Salem, OR 97302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2710 Commercial St Salem, OR 97302
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