1230 State St, Salem, OR 97301-4155

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.