Property summary
This exceptional commercial property, located at 5385 Commercial St SE, Salem, OR 97306, offers a versatile 970-square-foot retail space within a larger 7,792-square-foot building. The space is currently vacant and immediately available for lease. Ideal for a variety of retail businesses, the unit features three private offices, a front reception/waiting area, and provides a professional and efficient layout. Note that restroom facilities are shared with an adjacent tenant. The property is classified as Class B and sits on a substantial 24,829-square-foot lot, offering ample space and visibility. The building itself is comprised of a single suite, currently divided into the 970 SF space and another occupied space. The minimum divisible space is 970 square feet. Located near the intersection of Commercial St SE and Baxter St SE, this property benefits from excellent street visibility and accessibility. Lease terms are modified gross (MG), with the tenant responsible for electricity, gas, interior maintenance, and janitorial services. This presents a fantastic opportunity for a business seeking a well-located, move-in ready retail space in Salem, Oregon. The property's size and location make it an attractive option for a variety of retail uses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning