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    1109 Edgewater St Salem, OR 97304

    Sponsored
    For Lease
    $19 SF/Yr ($9,276 /Mo)

    Prime retail space, two units available.

    Lot size:
    5,622 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 1109 Edgewater St NW, West Salem, offers a prime location within the vibrant Edgewater Street shopping corridor. The building, classified as Class C, boasts a total of 5,622 square feet, divided into three suites. Currently, there are two available retail spaces, each offering flexibility in size. One space measures 1,458 square feet, while the maximum contiguous space available is 1,584 square feet. A total of 3,042 square feet is currently vacant, presenting a significant opportunity for expansion or multiple tenants. The property features shared common parking located at the rear of the building, supplemented by ample street parking. Tenants are responsible for their own utilities, including electricity, gas, internet, phone service, and insurance. This location provides excellent visibility and accessibility, making it an ideal space for businesses seeking a thriving retail environment. The cross street is McNary Ave NW. This is a multi-tenant property offering a unique opportunity to establish a presence in a high-traffic area.

    Property Features for 1109 Edgewater St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,622 SF
    Class
    C
    Total Rate
    9276.3

    Unit(s) available at that property

    Space
    1105
    Size
    1,458 SF
    Rate per SF
    $19
    Space
    1109
    Size
    1,584 SF
    Rate per SF
    $21

    HighLights

    • Retail and land property totaling 5,622 square feet.
    • Three suites available, with two currently vacant totaling 3,042 square feet.
    • Individual suite sizes range from 1,458 to 1,584 square feet.
    • Located on Edgewater St NW, near McNary Ave NW, in West Salem's shopping corridor.
    • Class C property with shared common parking and street parking.
    • Tenants responsible for utilities (electric, gas, internet, phone) and insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0568139
    Latitude
    44.9414646

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    FAQs

    What type of property is this?
    Land - Prime retail space, two units available.
    Where is this land located?
    The property is located at 1109 Edgewater St Salem, OR.
    What is the lease rate?
    The lease rate is $19-$21 SF/Yr.
    What are key features of this property?
    This property features: Retail and land property totaling 5,622 square feet.; Three suites available, with two currently vacant totaling 3,042 square feet.; Individual suite sizes range from 1,458 to 1,584 square feet.
    Request Owner's contact information
    1109 Edgewater St Salem, OR 97304
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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
    1109 Edgewater St Salem, OR 97304
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