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    1105 Front St Salem, OR 97301

    Sponsored
    For Sale
    $11,999,000

    140,931 SF, 13.27 Acres, Willamette Riverfront

    Property size:
    140,931 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 140,931 square foot special purpose property, located at 1105-1375 Front Street Northeast in Salem, Oregon, presents a unique investment opportunity. Situated on approximately 13.27 acres of land, this property boasts pristine Willamette River frontage, offering unparalleled potential for development. Its strategic location in the heart of the Willamette Valley provides easy access to Interstate 5, placing it within convenient reach of a large regional population. The property's proximity to downtown Salem allows for walkability to local amenities, while its minutes-away distance from McNary Field Airport ensures convenient air travel access. Adding to its desirability, the property is bordered by two waterways: Mill Creek to the south and the Willamette River to the west, creating a picturesque and desirable setting. The asking price for this remarkable property is $11,999,000. This is a rare chance to acquire a significant piece of real estate with exceptional waterfront access and prime location in a thriving Oregon city. The property's size and location make it ideal for a variety of sports and entertainment uses. The zoning and potential uses should be verified independently.

    Property Features for 1105 Front St

    General Information

    Property type
    Specialty properties
    Square Feet
    140,931 SF
    Lot Size
    578,041 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Truitt Bros Inc Cannery Fresh n' Local ... Food Products Supplier Green Valley Organics Wholesaler

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0368948
    Latitude
    44.9522768

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    FAQs

    What type of property is this?
    Specialty property - 140,931 SF, 13.27 Acres, Willamette Riverfront
    Where is this specialty property located?
    The property is located at 1105 Front St Salem, OR.
    What is the asking price?
    The asking price for this property is $11,999,000.
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    1105 Front St 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
    1105 Front St Salem, OR 97301
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