Pence Loop Salem, OR 97302
- Office Properties & Spaces
- 18,162 SF
- 1.35 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for Pence Loop
- Lot size
- 1.35 lot acres
- Property size
- 18,162 SF
- Property type
- Office Properties & Spaces
Description
This exceptional free-standing office building, situated on a generous 1.35-acre lot in Salem, Oregon, presents a unique investment opportunity. Boasting a substantial 18,162 square feet of well-designed space, the property offers a versatile layout ideal for a variety of professional uses. The interior features a thoughtful blend of private offices, perfect for individual work or small teams, complemented by multiple conference rooms for collaborative meetings and presentations. A dedicated break room provides a comfortable space for employees to relax and recharge. Furthermore, a sizable open area offers significant flexibility for customization, allowing tenants to adapt the space to their specific operational needs. The building's prime location places it in close proximity to several established businesses, including Pence Construction, Thomas Kay Flooring and Interiors, Salem Gymnastics, and Praxair Welding Gas and Supply Store, ensuring high visibility and convenient access to a range of amenities and services. This property represents a rare chance to acquire a substantial, well-maintained office building in a thriving Salem commercial district. The asking price is $3,250,000. This is a turnkey opportunity for a business seeking to establish a strong presence in a desirable location or for an investor looking for a solid return on investment. The property's size, layout, and location combine to create a compelling proposition for discerning buyers.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.021
- Latitude
- 44.9136