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    1310 12Th St Salem, OR 97302

    Sponsored
    For Lease
    $15 SF/Yr ($11,647 /Mo)

    High-traffic corner lot, multiple spaces available

    Lot size:
    9,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 1310 12th St SE in Salem, Oregon, presents a unique investment opportunity. The property encompasses a total of 9,318 square feet of building space situated on a sizable 13,939 square foot lot. The building is configured to accommodate multiple tenants, with two spaces currently available, ranging from 1,432 to 3,794 square feet. The versatile space is suitable for a variety of retail uses, as well as warehouse/storage and office applications. Benefit from excellent visibility and signage opportunities due to its prime corner location at the intersection of 12th and Wilbur Streets SE, ensuring high traffic exposure. Access is convenient from both 12th and 13th Streets. This location boasts a strong tenant base, with neighboring businesses including U-Haul of South Salem, Judson's Plumbing, and Habitat for Humanity Restore, among others. The property is situated in Marion County, Oregon, and has a 97302 zip code. This is a rare chance to acquire a well-positioned commercial property in a thriving area of Salem. The property's size and location make it ideal for a variety of commercial ventures.

    Property Features for 1310 12Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,318 SF
    Total Rate
    11647.5

    Unit(s) available at that property

    Space
    100
    Size
    3,794 SF
    Rate per SF
    $15
    Space
    210
    Size
    1,432 SF
    Rate per SF
    $15

    HighLights

    • 9,318 SF building on a 13,939 SF lot in Salem, OR.
    • Two available spaces ranging from 1,432 SF to 3,794 SF, suitable for retail, warehouse, or office use.
    • High visibility corner location at 12th & Wilbur Streets SE, offering excellent signage opportunities.
    • Strong tenant base with nearby businesses including U‑Haul and Habitat for Humanity.
    • Located in Marion County, OR (97302 zip code).
    Property Profile Location Intelligence

    Current Use by Public Records

    Paka House Cannabis Cannabis Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -123.0301865
    Latitude
    44.9246421

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, multiple spaces available
    Where is this land located?
    The property is located at 1310 12Th St Salem, OR.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 9,318 SF building on a 13,939 SF lot in Salem, OR.; Two available spaces ranging from 1,432 SF to 3,794 SF, suitable for retail, warehouse, or office use.; High visibility corner location at 12th & Wilbur Streets SE, offering excellent signage opportunities.
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    Salem, OR 97302
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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
    1310 12Th St Salem, OR 97302
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