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    1244 Front St Salem, OR 97306

    Sponsored
    For Lease
    $6 SF/Yr

    69,660 SF Warehouse, Ready to Lease

    Lot size:
    69,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 69,660-square-foot industrial property in Marion County offers a single-tenant occupancy opportunity. Built in 1960 and situated on a 1.59-acre lot, the building boasts a 23'9" ceiling height, perfect for various manufacturing and warehousing needs. The property features eight dock-high doors, including two electric, and fourteen 14' wide garage doors ranging from 12' to 13' in height. Column spacing is 19'10" north-south and 84' east-west. Recent upgrades include a new roof, skylights, interior and exterior paint, and nine gas heaters. The space also benefits from LED lighting, compressed air plumbing, and ample three-phase power (480V, 400-amp). Parking is readily available with approximately 60 spaces in a free parking lot, supplemented by street parking. The property is zoned MU-R (W/ Industrial Continued Use), ensuring flexibility for a range of industrial operations. This well-maintained building presents a unique opportunity for businesses seeking a spacious, functional, and conveniently located industrial space. The combination of modern upgrades and classic industrial features makes this property an ideal choice for a variety of uses. The expansive layout, high ceilings, and numerous loading docks provide exceptional flexibility for efficient operations. Don't miss this chance to secure a prime industrial location in a thriving area.

    Property Features for 1244 Front St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,660 SF
    Total Rate
    38313

    Building Details

    Year Built
    1960

    Unit(s) available at that property

    Space
    Available Space
    Size
    69,660 SF
    Rate per SF
    $6

    HighLights

    • 69,660 SF industrial building, single‑tenant occupancy.
    • 1.59‑acre lot in Marion County.
    • Built in 1960, featuring a 23'9" ceiling height.
    • Eight grade‑level doors, two of which are electric.
    • Equipped with nine gas heaters, LED lighting, and compressed air plumbing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    -123.0761555
    Latitude
    44.8443076

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    FAQs

    What type of property is this?
    Distribution property - 69,660 SF Warehouse, Ready to Lease
    Where is this distribution property located?
    The property is located at 1244 Front St Salem, OR.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 69,660 SF industrial building, single-tenant occupancy.; 1.59-acre lot in Marion County.; Built in 1960, featuring a 23'9" ceiling height.
    Request Owner's contact information
    1244 Front St Salem, OR 97306
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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
    1244 Front St Salem, OR 97306
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