5005 Commercial StSalem, OR 97306

  • Retail properties
  • 4,319 SF
For Lease

Property Details for 5005 Commercial St

Year built
1993
Lot size
0.52 AC
Property size (Sq ft)
4,319 SF
Zone code
CG
Property type
Retail properties
Property subtype
Turn key restaurants
APN
083W15AA00100
APU
083W15AA00100

Description

This exceptional restaurant property presents a unique investment opportunity in a high-traffic area of South Salem. The building boasts 4,251 square feet of well-maintained space, ideally suited for a variety of culinary concepts. Situated on a substantial 1.1-acre parcel (48,409 square feet), the property offers ample room for outdoor seating, expansion, or additional development. Its prime corner location at the signalized intersection of Kuebler Boulevard and South Commercial Street ensures high visibility and accessibility. The area is anchored by major retail establishments, guaranteeing a steady flow of potential customers. This single-tenant building is ready for immediate occupancy, providing a turnkey solution for established restaurants or ambitious entrepreneurs seeking a thriving location. The property's size and location make it an attractive investment for those seeking a strong return on investment in a dynamic commercial market. The substantial land area also offers potential for future development or expansion, adding further value to this already desirable property. This is a rare opportunity to acquire a well-positioned restaurant property in a highly sought-after location. The combination of size, location, and visibility makes this an exceptional investment prospect. Serious inquiries are encouraged.

5005 Commercial St, Salem, Oregon

Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.8825
Longitude
-123.031
CBSA code
41420
CBSA name
SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,827
-
-
$1,112,100
-
$474,440
$1,045,560
$1,520,000

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