1130 Royvonne Ave SE, Salem, OR 97302
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.
-
Privet European Food and Bakery Grocery & Convenience Store Food Market
-
Super 7 Market Grocery & Convenience Store Food Market
-
Bangkok Thai Bistro Restaurant
-
Royal Thai Kitchen Restaurant
-
Русский магазин Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
CR · Salem, ORSalem. Always verify with local authorities before improvements.
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.