Entity Owned Property summary
The property is located on the corner of 12th and Hoyt Street in Southeast Salem and comprises two parcels totaling 0.28 acres, zoned CR. It includes a 2,640-square-foot building. The roof has a replacement, and the building is configured for income-producing occupancy as it was previously leased to a long-standing tenant under a 10-year lease term. The site’s corner positioning on a traffic-oriented street provides high street frontage and visibility.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CR · Salem, ORThe purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR in Salem, OR.
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