3989 Commercial St Salem, OR 97302
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.
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Funky Munky Urban Consignment Boutique Clothing Store Boutique
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CHRISTOPHER FISHER, C&I PERFECT HOMES REALTY INC Real Estate Agency
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
Similar Nearby for Lease
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.