187 High St Salem, OR 97301
- Investment properties
- 36,884 SF
- 0.63 lot acres
Current Use by Public Records
- Dave Barrows & Associates / Non-Governmental Organization
- Daniel Dollinger CPA CFP® / Tax Preparation / Financial Planner
- Salon Blu / Beauty Salon / Service Establishment
- Optimum Accounting LLC / Service Establishment / Accounting Firm
Property Details for 187 High St
- Lot size
- 0.63 lot acres
- Property size
- 36,884 SF
- Zone code
- CB
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 073W27AB90000
- APU
- 073W27AB90000
Description
This exceptional 9,950 square foot retail space, located at 187 High St NE in Salem, Oregon, presents a unique investment opportunity. The property, part of the Courthouse Condominiums, is a separate parcel (APN 073W27AB90001) and currently vacant. Built in 1900, the building features exposed brick and beams, adding character and charm to the ground floor retail area. The space includes a storefront with ample natural light, a kitchenette, restrooms, and substantial storage. A large basement area offers additional storage, totaling over 9,950 square feet. The property is zoned CB and is offered at $1,625,000, translating to $163.32 per square foot. This versatile space is ideal for a variety of retail uses, including grocery stores and restaurants, offering significant potential for a discerning owner/user. The property's prime downtown Salem location ensures high visibility and accessibility. The historic building and spacious layout provide a unique opportunity to establish a thriving business in a vibrant urban setting. This is a rare chance to acquire a substantial, well-located retail property in a desirable Oregon market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.037
- Latitude
- 44.9407
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
