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Mixed-Use Plaza Del Sol, Salem
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3545-3599 Portland Road NE, Salem, OR 97301

Two-building property with retail, office, and warehouse space.

Property Size39,935 SF
Lot Size3.25 Acres
Price / SF$62.60
Days on Market674

Property Features for 3545-3599 Portland Road NE

General Information

Standard status Active
Size 39,935 SF
Class C
Lot size 3.25 Acres
Property subtype Industrial, Mixed Use, Office, Retail
Zoning IC
Investment Type Owner/User
Net Operating Income $247,275

Building Details

Year Built 1956
Buildings 2
Stories 2
Tenancy Multi
Listing Agency: First Commercial Real Estate Services
Listed By: Joshua Kay · License #OR 201215272
Source: Crexi
Added: Oct 17, 2024 Changed: Aug 16 Last Checked: Aug 20 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Commercial Real Estate Services

Investment Insights

Based on property information with market context.

Plaza Del Sol is a two-building property located on Portland Rd NE in Salem’s North Gateway Urban Renewal Area. The property sits on approximately 3.25 acres on two tax parcels and totals approximately 39,935 square feet. The main building contains approximately 20,445 square feet of retail and office space. The upper level of the main building, accessible by elevator, offers approximately 4,080 square feet of office space. The main building hosts a variety of local businesses with diverse uses. A separate warehouse building provides approximately 10,100 square feet of warehouse space, divided into two suites. These suites are leased to an indoor soccer facility and a pallet fabricator. Adjacent to the main building is approximately 9,390 square feet of covered lean-to storage area. The property includes surplus land suitable for additional improvements or outdoor storage, as well as a tenant-occupied building pad.

Key Highlights

  • Located in Salem's North Gateway Urban Renewal Area.
  • Large property: Approximately 3.25 acres with two buildings totaling approximately 39,935 SF.
  • Diverse building composition includes retail/office space, warehouse space, and covered lean‑to storage.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Accounting Firm Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

510
Businesses Nearby

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-building property with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 3545-3599 Portland Road NE Salem, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Located in Salem's North Gateway Urban Renewal Area.; Large property: Approximately 3.25 acres with two buildings totaling approximately 39,935 SF.; Diverse building composition includes retail/office space, warehouse space, and covered lean‑to storage.
(503) 559-2694 Call to check price and availability
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