5755-5795 Commercial St, Salem, OR 97306
This exceptional free-standing retail property, located at 5755-5795 Commercial St in Salem, Oregon, offers 3,900 square feet of vacant space on a 2.16-acre lot. The building is zoned for Commercial Retail use within Marion County (97306). Multiple tenancy options are available, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,700 square feet. The property boasts a highly desirable location on busy South Commercial Street, less than a mile from Interstate 5, ensuring high visibility and traffic. Dual entrances and a signalized intersection provide easy access. Ideal for a variety of uses, including fast food restaurants, banking institutions (with drive-thru accommodation possible for up to 2,700 square feet), or other retail businesses. The property benefits from its proximity to a mixed-use development slated for completion, featuring approximately 70 apartment units and an additional 5,000 to 10,000 square feet of retail space. This strategic location and the upcoming development promise significant growth potential. This is a rare opportunity to secure a prime retail space in a thriving area.
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.