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    2927 Broadway St Salem, OR 97303

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Salem Retail, 1,357 SF Available

    Lot size:
    28,645 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Chelsica Plaza, located at 2927 Broadway St NE, Salem, OR 97303, presents a fantastic retail opportunity. This single-story, Class B commercial building boasts a total of 28,645 square feet, divided into 30 suites. Currently, 1,357 square feet of retail space is available, ideal for a variety of businesses. The property sits on a 2.21-acre lot and is conveniently located near the intersection of Broadway St NE and Martin Luther King JR Blvd, offering excellent visibility and accessibility. The center enjoys a high-traffic location, easily accessible from Salem Parkway and close to downtown Salem. Strong co-tenancy includes established businesses such as Dollar Tree, Sally Beauty, H&R Block, and Love Love Teriyaki, ensuring a vibrant and busy retail environment. Nearby businesses include Jack in the Box, Les Schwab, McDonald's, Key Bank, and several new car dealerships, further enhancing the area's commercial appeal. The available space features an ADA-compliant restroom, a private office, and a back storage/break room area with water access. The property is zoned CR. This is an exceptional opportunity to establish or expand your retail presence in a thriving Salem location.

    Property Features for 2927 Broadway St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,645 SF
    Class
    B
    Total Rate
    42967.5

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    175
    Size
    1,357 SF
    Rate per SF
    $18

    HighLights

    • 28,645 SF Class B retail building with 30 suites on a 2.21‑acre lot.
    • 1,357 SF of retail space currently available.
    • High‑traffic location at Broadway St NE & Martin Luther King JR Blvd, near Salem Parkway & downtown Salem.
    • Strong co‑tenancy includes Dollar Tree, Sally Beauty, H&R Block, and Love Love Teriyaki.
    • Available space includes ADA‑compliant restroom, private office, and storage/break room.
    • CR zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sally Beauty Beauty Supply Store Yum Yum Teriyaki Japanese Restaurant Wholesale Outlet Outlet Store Pasta Boss Italian Restaurant Cooper’s Deli

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -123.0303139
    Latitude
    44.9699219

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    FAQs

    What type of property is this?
    Land - Prime Salem Retail, 1,357 SF Available
    Where is this land located?
    The property is located at 2927 Broadway St Salem, OR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 28,645 SF Class B retail building with 30 suites on a 2.21-acre lot.; 1,357 SF of retail space currently available.; High-traffic location at Broadway St NE & Martin Luther King JR Blvd, near Salem Parkway & downtown Salem.
    Request Owner's contact information
    2927 Broadway St Salem, OR 97303
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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
    2927 Broadway St Salem, OR 97303
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