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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3989 Commercial St Salem, OR 97302

Property ID
Property summary
AI-generated overview

This exceptional retail space, located within the thriving Southgate Shopping Center in Salem, Oregon, presents a unique investment opportunity. Situated on the south side of the property, bordering the well-lit intersection of Browning Avenue and Commercial Street, this inline suite offers unparalleled visibility and accessibility. The property benefits from a covered sidewalk and large retail windows, maximizing natural light and attracting pedestrian traffic. The Southgate Shopping Center is a bustling retail hub, already home to popular national chains such as Panda Express and Chipotle, as well as local favorites like Bo & Vine and On Any Sundaes. This strong tenant mix draws a significant customer base from throughout Salem. The property is zoned CR and features a single tenant occupancy. The future anchor tenant, Grocery Outlet, will further enhance the center's appeal and draw even more customers to this prime location. The convenient access to Commercial Street, heading both north and south, ensures easy ingress and egress for customers and employees. Prospective tenants are responsible for verifying occupancy details with the City of Salem. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a vibrant retail environment.

Property profile
Verified
Property type Retail properties & Spaces
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
Current use
Occupant on record · Public records
  • Funky Munky Urban Consignment Boutique Clothing Store Boutique
  • CHRISTOPHER FISHER, C&I PERFECT HOMES REALTY INC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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