5070 Commercial StSalem, OR 97306

  • Retail properties
  • 11,443 SF
For Lease
$24/SF/YR View listing

Property Details for 5070 Commercial St

Year built
2002
Lot size
0.97 AC
Property size (Sq ft)
11,443 SF
Zone code
CR
Property type
Retail properties
Property subtype
Retail space
APN
083W14BB01704
APU
083W14BB01704

Description

Turnidge Corner, located at 5070 Commercial St SE in Salem, Oregon, presents a compelling opportunity for businesses seeking high-visibility retail or office space. This 32,500 square foot multi-tenant property, built in 2002 and renovated in 2018, sits on a 2.36-acre lot at the signalized intersection of Commercial Street and Kuebler Boulevard, boasting exceptional visibility and accessibility. Currently, 2,482 square feet of office space is available for lease. The property benefits from ample parking and excellent signage, making it highly attractive to potential customers. Its strategic location in South Salem places it within a thriving retail corridor, surrounded by established businesses including Applebee's, McDonald's, Dollar Tree, Sally's Beauty, and Miller's Paint Co., ensuring high foot traffic and brand recognition. The area's strong demographics, coupled with convenient access to I-5 and a large daytime population fueled by nearby industrial centers like Amazon, FedEx, and Home Depot Distribution Centers, create a robust market for this property. The property is zoned CR - Commercial Retail and is situated in Marion County, Oregon, zip code 97306. The landlord is highly motivated to lease the available space. This is an exceptional opportunity to establish a presence in a prime Salem location.

5070 Commercial St, Salem, Oregon
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Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.8817
Longitude
-123.029
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
$48,607
-
-
$2,476,550
-
$974,890
$1,992,990
$2,967,880

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