1920 Mcgilchrist SE St Salem, OR 97302-1561
This Salem, Oregon industrial flex space, located at 1920 McGilchrist St SE (cross street: 19th St SE), offers 4,000 square feet of versatile space in a single-story, Class C building. Completely renovated in 2013, the property boasts a 14-foot ceiling height and features one drive-in door. The 400 amp, 110/220V, 1-phase power supply is suitable for a variety of uses. With a 70-foot frontage, the building is zoned for industrial commercial purposes. The property is part of the Salem Business Park I, a multi-tenant complex established in the early 1980s, with each building fully insulated and air-conditioned. The rent is modified gross, including base year property taxes, base building insurance, and exterior maintenance. Tenants are responsible for their utilities. The property is currently fully vacant and ready for immediate occupancy. This is an excellent opportunity for businesses seeking flexible, well-maintained space in a convenient Salem location. The property's convenient location and updated features make it an ideal choice for a variety of businesses.
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Resilient Human Performance Gym & Fitness Center
Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas 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 qualification (1)…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
IC · Salem, ORIndustrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas 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 qualification (1) above, zone-to-zone setbacks for buildings and structures are required abutting an alley when the abutting zone across the alley is residential. Vehicle use areas remain under qualification (1), and do not require a zone-to-zone setback abutting an alley when the abutting zone across the alley is residential. (e) Lot coverage; height. Buildings and accessory structures within the ESMU zone shall conform to the lot coverage, height, and building frontage standards set forth in Table 537-5. TABLE 537-5 LOT COVERAGE; HEIGHT Table 537-5: Lot Coverage; Height Requirement Standard Limitations and Qualifications LOT COVERAGE Buildings and Accessory Structures All uses No Max. REAR YARD COVERAGE Buildings All uses No Max. Accessory Structures Accessory to all uses No Max. HEIGHT Buildings All uses Max. 50 ft. Accessory Structures Accessory to single family, two family, three family, four family, and multiple family Max. 15 ft. Accessory to all other uses Max. 50 ft. BUILDING FRONTAGE All uses Min. 50% Applies to development sites along Patterson Street, and along Edgewater Street and Second Street, between Rosemont Avenue and Wallace Road, except that where a development site has frontage on Edgewater Street, Second Street, or Patterson Street and a side street, the minimum building frontage requirement does not apply to the side street frontage. (f) Landscaping. Landscaping within the ESMU zone shall be provided as set forth in this subsection. (1) Setbacks. Required setbacks shall be landscaped. Landscaping shall conform to the standards set forth in SRC
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.