1130 Royvonne Ave SE Salem, OR 97302
- Retail space
- 7,770 SF
- 0.91 lot acres
Current Use by Public Records
- Privet European Food and Bakery / Grocery Store
- Super 7 Market / Grocery Store
- Bangkok Thai Bistro / Thai Restaurant / Asian Restaurant
- Royal Thai Kitchen / Thai Restaurant
- Русский магазин / Store
Property Details for 1130 Royvonne Ave SE
- Year built
- 2007
- Lot size
- 0.91 lot acres
- Property size
- 7,770 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 083W10DD00302
- APU
- 083W10DD00302
Description
Highland Gardens, a two-building retail strip center in Salem, Oregon (97302), presents a compelling investment opportunity. Located at 1130 Royvonne Ave SE, near Commercial St SE, this property boasts excellent visibility and signage. The 8,352 square foot center, renovated in 2007, features multiple tenant spaces, with two currently available. Units range from a minimum of 670 square feet to a maximum contiguous space of 1,050 square feet, offering flexibility for various retail businesses. The property includes a newly paved lot and an additional outparcel building, enhancing its overall appeal and functionality. The CR zoning allows for a variety of retail uses. This prime location on a busy thoroughfare ensures high traffic and exposure, making it an ideal investment for those seeking a strong return in a thriving market. The property's recent renovation ensures modern amenities and low maintenance costs. The availability of multiple units provides opportunities for diverse tenant mixes, maximizing rental income potential. This is a rare opportunity to acquire a well-maintained, high-traffic retail center in a desirable Salem location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.032
- Latitude
- 44.8856
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
