1230 State St Salem, OR 97301-4155
- Bars
- 5,880 SF
- 0.16 lot acres
Aug 03, 2022
Current Use by Public Records
- 1230 State Event Space / Event Venue
- 1230 State Events and Catering by Sassy Onion / Event Venue / Caterer
Property Details for 1230 State St
- Year built
- 1928
- Lot size
- 0.16 lot acres
- Property size
- 5,880 SF
- Zone code
- MUI
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 073W26BC00600
- APU
- 073W26BC00600
Description
This exceptional investment opportunity presents a fully renovated, 5,880-square-foot restaurant and event venue located at 1230 State Street in Salem, Oregon. The property, built in 1928 and completely updated in 2023, boasts a single unit within a 6,970-square-foot lot. Its MU-I zoning allows for versatile commercial use. The building features one story and is situated in a thriving area of Salem, offering convenient access to major employers including Willamette University, Salem Health, and the Oregon State Capitol Mall. This turnkey operation is ideal for owner-users seeking a well-established business in a high-traffic location. The asking price is $1,900,000, with an occupancy date of January 1, 2025. The property's prime location, coupled with its recent renovation and proximity to significant employers, creates a compelling investment opportunity with a strong potential for return. The property's history and modern amenities combine to offer a unique and attractive space for a variety of commercial ventures. The Marion County location, with its APN 073W26BC00600, provides further identification. This is a rare chance to acquire a fully renovated, historically significant commercial property in a desirable location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.027
- Latitude
- 44.9366
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
