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    5775 Commercial St Salem, OR 97306

    For Lease
    $28 SF/Yr

    Salem, OR: Prime retail & office suites.

    Lot size:
    84,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Anthony's Corner @ Wiltsey, located at 5775 Commercial St SE in Salem, Oregon, presents a remarkable opportunity for businesses seeking Class A retail, office, or restaurant space. This four-story, 84,480 square foot neighborhood center, built in 2023, boasts five suites with flexible layouts ranging from 1,271 to 3,203 contiguous square feet. Currently, 9,807 square feet are available, including one 3,203 square foot space ideal for a restaurant and other spaces ranging from 1,080 to 1,584 square feet. The property sits on a 2.93-acre lot (127,459 square feet) and is zoned CR. Building amenities include elevators. This development is uniquely situated within a vibrant community and includes 71 upscale apartment homes with separate secure parking and access, ensuring high foot traffic and visibility. The landlord is open to collaborating on build-out and interior improvements, making this an exceptional opportunity for businesses seeking a turnkey solution. Construction was completed in 2023. This is an exceptional opportunity for businesses seeking a turnkey solution in a thriving location.

    Property Features for 5775 Commercial St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,480 SF
    Class
    A
    Total Rate
    197120

    Building Details

    Year Built
    2023
    Stories
    4

    Unit(s) available at that property

    Space
    Retail #4
    Size
    1,584 SF
    Rate per SF
    $39
    Space
    Retail #5
    Size
    1,440 SF
    Rate per SF
    $39
    Space
    Restaurant
    Size
    3,203 SF
    Rate per SF
    $45

    HighLights

    • 1,000‑3,400 SF of space available upon project completion
    • New mixed‑use development
    • Exceptional investment opportunity
    • Strong demographics and high traffic counts
    • Located at the signalized intersection of Commercial St & Wiltsey Rd
    • Excellent tenant mix with established businesses
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anthony's Place Apartments Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.02382435918
    Latitude
    44.869831149246

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    FAQs

    What type of property is this?
    Neighborhood center - Salem, OR: Prime retail & office suites.
    Where is this neighborhood center located?
    The property is located at 5775 Commercial St Salem, OR.
    What is the lease rate?
    The lease rate is $39-$45 SF/Yr.
    What are key features of this property?
    This property features: 1,000-3,400 SF of space available upon project completion; New mixed-use development; Exceptional investment opportunity
    Request Owner's contact information
    5775 Commercial 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
    5775 Commercial St Salem, OR 97306
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