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    2720 Commercial St Salem, OR 97302

    Sponsored
    For Lease
    $30 SF/Yr

    Class A Medical Office Space in Salem, OR

    Lot size:
    15,015 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Located at 2720 Commercial St SE, Salem, OR 97302, this exceptional Class A medical office building, Petra Plaza, offers 15,015 square feet of space in a prime location along a highly coveted commercial corridor. Built in 2000 and renovated in 2010, the two-story building features two suites, with one vacant suite available on each floor, ranging from 2,944 to 3,942 contiguous square feet. The property boasts modern construction, abundant parking, and easy ingress and egress. Fully ADA compliant and elevator-served, the building offers a highly usable floor plan, attracting both medical and conventional office users. The building is primarily powered by solar panels, appealing to environmentally conscious tenants. Current tenants include a national oncology clinic and a local IT firm. Leases are offered as full-service, base year. The 0.78-acre property is zoned MU-I and has a convenient location, served by Cherriots route 21 and surrounded by numerous amenities. The building's cross street is Waldo. The APN is 585442. This is a rare opportunity to secure high-quality medical office space in a thriving Salem, Oregon market.

    Property Features for 2720 Commercial St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,015 SF
    Total Rate
    37537.5

    Building Details

    Year Built/Renovated
    2000/2010
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 250
    Size
    3,942 SF
    Rate per SF
    $30
    Space
    Suite 150
    Size
    2,944 SF
    Rate per SF
    $30

    HighLights

    • Ample parking and high‑traffic location on a coveted commercial corridor.
    • Excellent signage opportunities.
    • Solar‑powered, efficiently designed 15,015 SF Class A medical office building.
    • Move‑in ready suites, ranging from 2,944 to 3,942 SF, ideal for medical tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    John Cooper Girod Infectious Disease Physician John Girod, MD Infectious Disease Physician Shaw E David ... Orthopedic Surgeon Campbell Daniel J ... Podiatrist Cascade Infectious Dis ... Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0445458
    Latitude
    44.9142471

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office Space in Salem, OR
    Where is this medical office located?
    The property is located at 2720 Commercial St Salem, OR.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Ample parking and high-traffic location on a coveted commercial corridor.; Excellent signage opportunities.; Solar-powered, efficiently designed 15,015 SF Class A medical office building.
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    2720 Commercial St 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
    2720 Commercial St Salem, OR 97302
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