1115 Edgewater St Salem, OR 97304
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.