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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1115 Edgewater St Salem, OR 97304

2,456 SF
Property ID
Property summary
AI-generated overview

This exceptional 2,456 square foot commercial space, located at 1115 Edgewater St NW in Salem, Oregon (zip code 97304), presents a unique opportunity for a discerning business owner. Previously a wine bar, the property boasts a recent remodel, resulting in a modern and functional layout. The space is entirely vacant and ready for immediate occupancy. The single-story building is classified as Class B and features a large, open floor plan, perfect for adaptable use. A key highlight is the existing built-out bar area, offering significant potential for a variety of concepts. Beyond the main space, the property includes a private office, providing a dedicated area for administrative tasks or meetings. Ample storage is also available, addressing the needs of inventory-heavy businesses. A restroom is conveniently located within the premises. The zoning designation is Salem-ESMU, and the property is situated in the desirable West Salem submarket. The building does not include elevators. This is a single-tenant space, offering complete control and flexibility to the new occupant. This property is an excellent opportunity for a business seeking a move-in ready space with character and modern amenities.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,456 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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