1244 Front St Salem, OR 97306
This exceptional 69,660-square-foot industrial property in Marion County offers a single-tenant occupancy opportunity. Built in 1960 and situated on a 1.59-acre lot, the building boasts a 23'9" ceiling height, perfect for various manufacturing and warehousing needs. The property features eight dock-high doors, including two electric, and fourteen 14' wide garage doors ranging from 12' to 13' in height. Column spacing is 19'10" north-south and 84' east-west. Recent upgrades include a new roof, skylights, interior and exterior paint, and nine gas heaters. The space also benefits from LED lighting, compressed air plumbing, and ample three-phase power (480V, 400-amp). Parking is readily available with approximately 60 spaces in a free parking lot, supplemented by street parking. The property is zoned MU-R (W/ Industrial Continued Use), ensuring flexibility for a range of industrial operations. This well-maintained building presents a unique opportunity for businesses seeking a spacious, functional, and conveniently located industrial space. The combination of modern upgrades and classic industrial features makes this property an ideal choice for a variety of uses. The expansive layout, high ceilings, and numerous loading docks provide exceptional flexibility for efficient operations. Don't miss this chance to secure a prime industrial location in a thriving 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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.