State St Salem, OR 97301
- Retail properties
- 5,880 SF
- 1.56 lot acres
Current Use by Public Records
- Retail properties
Property Details for State St
- Lot size
- 1.56 lot acres
- Property size
- 5,880 SF
- Property type
- Retail properties
Description
This exceptional 5,880 square foot retail property presents a remarkable owner-user or investment opportunity in Salem, Oregon. Strategically located adjacent to a major shopping mall, Willamette University, and Salem Health, this property benefits from high foot traffic and strong visibility. The building underwent extensive upgrades and renovations in 2022-2023, resulting in a significant enhancement of its functionality and appeal. Key improvements include the installation of a high-end, commercial-grade kitchen, perfectly suited for a variety of food-related businesses. Additionally, a beautifully finished event and dining space has been created, offering versatile options for use. The property sits on a sizable 1.56-acre lot, providing ample space for parking, outdoor seating, or potential expansion. Given its prime location, recent renovations, and versatile layout, this property represents a rare opportunity for businesses seeking a high-profile location or investors looking for a strong return. The asking price is $1,900,000. This is an exceptional opportunity to acquire a turn-key retail space in a thriving Oregon community. Contact us today to schedule a showing.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.042
- Latitude
- 44.9407
