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Property profile & analytics
OFF-MARKET
Office Spaces

Chemeketa St Salem, OR 97301

2,941 SF 0.22 ac lot
Property ID
Property summary
AI-generated overview

This meticulously renovated 2,941 square foot office building presents a unique opportunity in Salem, Oregon. Originally constructed in 1923, this charming two-story structure has been thoughtfully converted into a highly functional professional office space. Previously occupied by a dentist, the property boasts conditional use approval, making it ideal for a variety of medical or professional practices. The building features updated electrical and plumbing systems, ensuring modern efficiency and reliability. Ample on-site parking is available, supplemented by convenient street parking options. The property's prominent location offers excellent signage opportunities, ensuring high visibility and brand recognition. Situated on a 0.22-acre lot, this building provides a comfortable and accessible workspace for businesses seeking a blend of historical character and contemporary functionality. The asking price for this exceptional property is $850,000. This is a rare chance to acquire a well-maintained, historically significant building in a desirable Salem location, perfectly suited for a discerning professional practice. The property's combination of updated infrastructure, convenient parking, and prime visibility makes it an attractive investment opportunity with significant potential for growth and return. Don't miss this chance to own a piece of Salem's history while enjoying the benefits of a modern, efficient workspace.

Property profile
Verified
Property type Office Spaces
Total area 2,941 SF
Lot 0.22 ac (9,583 SF)
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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