Property profile

1890 State St Salem, OR 97301

FOR LEASE
Retail properties & Spaces
Property ID
US71-0752917
Entity Owned 5-yr Hold
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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 Retail properties & Spaces
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

Current use

Occupant on record · Public records
  • Clothing Store

Location

1890 State St Salem, OR 97301
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2021
$116,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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