1865 12Th St Salem, OR 97302
- Retail properties
- 2,400 SF
- 0.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1865 12Th St
- Lot size
- 0.25 lot acres
- Property size
- 2,400 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 2,400 square foot vacant storefront, situated on a 0.25-acre lot in Salem, Oregon, presents a remarkable investment opportunity. Located on the high-traffic 12th Street SE corridor, this single-story building boasts excellent visibility, with nearly 12,000 vehicles passing daily. The property benefits from convenient access and egress via a turnabout on 12th Street. Recent improvements by the landlord include a custom 14-foot overhead door, a new metal roof, and insulation, enhancing both functionality and energy efficiency. The flexible Commercial Retail zoning allows for a diverse range of business uses, details of which can be found on the City of Salem website. Priced at $498,000, this property offers a blank canvas for entrepreneurs seeking a high-visibility location in a thriving area. The address is 1865 12th St SE, Salem, OR 97302, within Marion County. This is a rare opportunity to acquire a well-located, improved retail space ready for immediate occupancy. The property's size and zoning make it suitable for a variety of retail ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.031
- Latitude
- 44.9195
