1940 Mission St SE, Salem, OR 97302
This exceptional 17,131-square-foot flex warehouse space in Salem, Oregon, becomes available in the third quarter of 2024. Located at 1940 Mission St SE, 97302, this single-tenant property boasts a prime location on a major thoroughfare. The building is currently undergoing substantial improvements by the landlord, encompassing a complete exterior facade renovation, a comprehensive interior office build-out, and upgraded loading docks. The property features two loading docks and one drive-in door, catering to efficient material handling. The zoning designation is CG. The landlord is actively seeking a tenant involved in bulk storage, ideally with a compatible on-site automotive business. This is a rare opportunity to secure a newly renovated, well-located industrial space in a thriving market. The asking rate is $0.70 per square foot, NNN. The property is ideally suited for businesses requiring a blend of warehouse and office space, offering a functional and modern environment for operations. The improvements underway will significantly enhance the property's appeal and functionality, making it an attractive option for a discerning tenant. Contact us today to learn more about this exceptional opportunity.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Salem, ORSalem. Always verify with local authorities before improvements.
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.