1109 Edgewater St, Salem, OR 97304
This exceptional retail property, located at 1109 Edgewater St NW, West Salem, offers a prime location within the vibrant Edgewater Street shopping corridor. The building, classified as Class C, boasts a total of 5,622 square feet, divided into three suites. Currently, there are two available retail spaces, each offering flexibility in size. One space measures 1,458 square feet, while the maximum contiguous space available is 1,584 square feet. A total of 3,042 square feet is currently vacant, presenting a significant opportunity for expansion or multiple tenants. The property features shared common parking located at the rear of the building, supplemented by ample street parking. Tenants are responsible for their own utilities, including electricity, gas, internet, phone service, and insurance. This location provides excellent visibility and accessibility, making it an ideal space for businesses seeking a thriving retail environment. The cross street is McNary Ave NW. This is a multi-tenant property offering a unique opportunity to establish a presence in a high-traffic area.
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.