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    FOR LEASE
    Commercial real estate

    1890 State St, Salem, OR 97301

    Entity Owned 5-yr Hold
    Property ID
    US71-0752917
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,614 square foot lot located at 1890 State Street in Salem, Oregon, 97301. The property, built in 1924, is zoned MU-II, offering versatile usage options. The building itself offers approximately 1,500 square feet of open space previously used as a karate and dance studio, along with two smaller rooms suitable for private offices, and a lobby/reception area including two restrooms. The main entry is conveniently located on 19th Street. Priced at $400,000, this property boasts a prime location in Salem's bustling retail district, providing high visibility and significant potential for a variety of retail businesses. Its historic charm and adaptable layout combine classic architecture with modern possibilities, making it an attractive investment for those seeking a blend of character and opportunity within a thriving commercial area. This is a rare chance to acquire a piece of Salem's vibrant retail landscape.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US71-0752917
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Black Swan Boutique Clothing Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Dgw Properties LLC · 5 yrs held
    Dgw Properties LLC
    since 2021
    2 recorded transactions
    2021
    2021
    $116,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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