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    1505 Front St Salem, OR 97301

    Sponsored
    For Lease
    $2 SF/Yr ($7,869 /Mo)

    Prime Salem warehouse, ample yard space.

    Lot size:
    36,462 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Salem, Oregon industrial property offers a unique blend of warehouse and yard space, ideally suited for various industrial, warehouse, and distribution operations. Located at 1505 Front St NE, this single-tenant property boasts a total building size of 36,462 square feet situated on a 1.43-acre lot in Marion County. The readily available space includes approximately 7,494 square feet of warehouse/storage space featuring a 22' clear height (14' in storage area), complemented by 6,432 square feet of secure, paved, and partially covered yard space. The warehouse features three manual overhead doors, one sliding door, and a dock loading height of approximately 28 inches. Additional amenities include a large lunch/conference room, one restroom, and trailer parking. The property is equipped with a sprinkler system and is zoned MU Riverfront. The monthly lease rate is $7,865, inclusive of water and sewer. The property's strategic location near I-5, Salem-Dallas Highway, and North Santiam Highway ensures seamless connectivity and access to major transportation routes. Prospective tenants are responsible for conducting all due diligence. This is a rare opportunity to secure a well-appointed industrial space with significant yard area in a thriving business community.

    Property Features for 1505 Front St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,462 SF
    Total Rate
    7869.72

    Unit(s) available at that property

    Space
    Size
    36,462 SF
    Rate per SF
    $2

    HighLights

    • 36,462 SF industrial building on a 1.43‑acre lot in Salem, OR.
    • 7,494 SF warehouse with 22' clear height (14' in storage area), plus 6,432 SF paved yard.
    • Three overhead doors, one sliding door, and dock‑high loading.
    • Amenities include a lunchroom, restroom, and trailer parking; sprinkler system; MU Riverfront zoning.
    • $7,865/month lease, water/sewer included; excellent I‑5 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mongoose Metals Powder ... Powder Coating Service Front Street Scooters Store Affordable Quality Carpets Carpet Store Murphy’s Fireplace & Stove ... Fireplace Store Mongoose Metals Inc. Heating Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.035282
    Latitude
    44.9555764

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    FAQs

    What type of property is this?
    Distribution property - Prime Salem warehouse, ample yard space.
    Where is this distribution property located?
    The property is located at 1505 Front St Salem, OR.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: 36,462 SF industrial building on a 1.43-acre lot in Salem, OR.; 7,494 SF warehouse with 22' clear height (14' in storage area), plus 6,432 SF paved yard.; Three overhead doors, one sliding door, and dock-high loading.
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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
    1505 Front St Salem, OR 97301
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