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Property summary
This exceptional 4,005-square-foot industrial flex space is ideally situated on the McGilchrist corridor in Salem, Oregon, within Marion County. The property, classified as Class B, offers a versatile layout perfect for a variety of businesses. The space features a substantial 2,858-square-foot warehouse area, complemented by a 1,147-square-foot office/showroom. Constructed with durable concrete tilt-up construction, this multi-tenant building provides a solid and reliable workspace. The property's zoning, designated as Industrial General, allows for a broad range of uses, including but not limited to general wholesaling and manufacturing, warehousing and distribution, retail nurseries, lawn and garden supply stores, and financial institutions. Its convenient location on McGilchrist Street SE, with the zip code 97302, ensures easy access to transportation routes and key infrastructure. The asking rate is $0.98 per square foot. This property presents a compelling opportunity for businesses seeking a functional and well-located industrial space in Salem, Oregon. The address is 1500 McGilchrist St SE, Salem, OR 97302.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding q…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IG · Salem, ORIndustrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding q…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding q…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IG in Salem, OR.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
