State St Salem, OR 97301
- Retail properties
- 2,512 SF
- 0.06 lot acres
Current Use by Public Records
- Retail properties
Property Details for State St
- Lot size
- 0.06 lot acres
- Property size
- 2,512 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,512 square foot retail building situated on a 0.06-acre lot in the heart of Salem, Oregon. Constructed in 1924, the property boasts a charming historic façade and benefits from a highly visible location, ideal for attracting customers. Currently zoned MU-II, this versatile space offers a multitude of potential uses. The interior layout includes a spacious front lobby area, a large open room (approximately 1500 square feet) suitable for a variety of uses such as dance studios, fitness centers, martial arts facilities, churches, or retail spaces. Two restrooms, two private offices, and a storage closet provide ample functional space. The building's classic architecture blends seamlessly with modern potential, making it an attractive option for businesses seeking a unique and well-located space. This property represents a rare chance to acquire a piece of Salem's history while capitalizing on its significant commercial potential. The asking price for this prime retail investment is $400,000. The property's size, location, and zoning make it a compelling investment prospect for discerning buyers. Don't miss this chance to own a piece of Salem's vibrant commercial landscape.
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
- -123.042
- Latitude
- 44.9407
