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    FOR LEASE
    Automotive properties

    1940 Mission St SE, Salem, OR 97302

    20,347 SF 1.96 ac lot Built 1987
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US71-0545576
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1987
    Total area 20,347 SF
    Lot 1.96 ac (85,378 SF)
    Zoning code CG
    APN 073W26CD11800
    UPID US71-0545576
    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
    • Withnell Car Rental Car Rental Facility
    • Skyline's Overstock Outlet Car Dealership Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.54M
    Blend (final) Blend
    $3.30M
    Owner & transaction history
    Donofrio LLC · 7 yrs held
    Donofrio LLC
    since 2018
    3 recorded transactions
    2018
    $2.6M
    2017
    1986
    $65,000
    Zoning & alternative use
    CG · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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