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    1695 Fairgrounds Rd Salem, OR 97301

    For Lease
    $13 SF/Yr ($5,500 /Mo)

    5,000 SF Standalone Retail Building

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,000 square foot single-tenant retail building, located at 1695 Fairgrounds Rd NE, Marion County, offers a fantastic opportunity for a variety of businesses. Built in 1948, this one-story, flatiron-shaped building boasts high visibility with abundant window frontage along Fairgrounds Rd NE, providing excellent signage opportunities. The property features a recently updated interior and a dedicated shop area, perfect for efficient shipping and receiving. A new roof has recently been installed, ensuring long-term cost savings. Currently, 3,500 square feet is vacant, presenting a unique chance for a single tenant to occupy the entire space. The building's zoning is CG, and its APN is 584680. The cross street is Jefferson ST NE. Its unique design and prominent location make it ideal for showrooms, displays, retail sales, or even childcare facilities. The existing tenant is vacating, making the entire building available for immediate occupancy. This property presents a rare opportunity to secure a well-maintained, highly visible retail space in a desirable location. Don't miss out on this chance to establish your business in a thriving area.

    Property Features for 1695 Fairgrounds Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    5500

    Building Details

    Year Built
    1948
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,000 SF
    Rate per SF
    $13

    HighLights

    • 5,000 SF single‑tenant retail building.
    • High‑visibility location with ample window frontage on Fairgrounds Rd NE.
    • Excellent signage opportunities.
    • New roof.
    • Recently updated interior.
    • Dedicated shop area for shipping and receiving.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -123.0250147
    Latitude
    44.9540751

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    FAQs

    What type of property is this?
    Retail property - 5,000 SF Standalone Retail Building
    Where is this retail property located?
    The property is located at 1695 Fairgrounds Rd Salem, OR.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF single-tenant retail building.; High-visibility location with ample window frontage on Fairgrounds Rd NE.; Excellent signage opportunities.
    Request Owner's contact information
    1695 Fairgrounds Rd Salem, OR 97301
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    Salem, OR 97301
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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
    1695 Fairgrounds Rd Salem, OR 97301
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