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    110 Division St Salem, OR 97301

    For Sale
    $2,700,000

    11,923 SF Warehouse, $2.7M, Riverfront

    Property size:
    11,923 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.63-acre property at 110-170 Division St NE in Salem, Oregon, presents a tremendous redevelopment opportunity. Currently generating income from an existing 11,923 square foot industrial warehouse, the site offers significant potential for future development. The warehouse itself features multiple cranes, multiple grade-level doors, heavy 3-phase power, and gas and air piped throughout. Convenient on-site parking and truck turnaround areas are also included. The property boasts a prime location just north of downtown Salem, with easy access to I-5 via Salem Parkway. The zoning designation is MU-R (Multiple Family High Rise Residential), further enhanced by Riverfront High Density Residential Overlay and Willamette Greenway designations. This unique combination of existing income, prime location, and flexible zoning makes this a truly exceptional investment opportunity. The asking price is $2,700,000, translating to $226.45 per square foot. The lease type is NNN. The property is located in Marion County, Oregon, with a 97301 zip code.

    Property Features for 110 Division St

    General Information

    Property type
    Distribution properties
    Square Feet
    11,923 SF
    Lot Size
    71,003 SF

    Building Details

    Buildings
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    20 TWENTY Sustainable ... Custom Home Builder First Tier- Old ... Portable Building Manufacturer Maverick Realty Real Estate Agent Stevens Equipment Co. Welder

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Wholesale Shop Spa & Massage 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
    -123.0393028
    Latitude
    44.9471401

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    FAQs

    What type of property is this?
    Distribution property - 11,923 SF Warehouse, $2.7M, Riverfront
    Where is this distribution property located?
    The property is located at 110 Division St Salem, OR.
    What is the asking price?
    The asking price for this property is $2,700,000.
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    110 Division 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
    110 Division St Salem, OR 97301
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