1191 Capitol StSalem, OR 97301

This fully furnished, turn-key office building presents a unique investment opportunity in Salem, Oregon. Located at 1191 Capitol St NE, this three-story, Class B building boasts 3,152 square feet of net rentable space, currently at 40% occupancy. The property, built in 1936 and extensively renovated in 2023, features a new presidential-style roof with copper gutters and downspouts, a new HVAC system with mini-split heat pumps on the upper level, and refinished hardwood floors on the main level with all new flooring on the lower level. Modern upgrades include new LED canned lighting throughout, new tile flooring in the kitchen, entry office, and bathroom, and fresh interior and exterior paint. The property sits on a 0.12-acre lot and is zoned CO. All furnishings are included, selected and designed to complement each space, making this a truly move-in ready opportunity. The asking price is $750,000, translating to $237.94 per square foot. This is a gross lease, multi-tenancy property with a Marion County APN of 585123. The building offers a blend of creative and traditional office spaces, ideal for a variety of businesses.