2045 Liberty St, Salem, OR 97301
This exceptional Salem, Oregon commercial property, located at 2045 Liberty Street, presents a unique investment opportunity. Situated on a 0.15-acre lot, the main structure offers 1,008 square feet of usable space. Currently utilized as a private residence, this property is zoned CG and grandfathered in as residential on an FHA loan. Recent upgrades include newer vinyl siding, flooring, kitchen cabinetry, and roofing. Note that an upstairs bonus room is not included in the listed square footage. A significant advantage is the inclusion of a separate wired shop building ("Barn") featuring a 9-foot bay door, private alley access, and a loft, providing an additional 16x32 feet of floor space. This shop has its own electric meter. The property's location within Salem's North Downtown opportunity zone offers substantial potential for various business ventures, making it an ideal choice for entrepreneurs seeking a work and live opportunity. The asking price is $409,000. This property is a rare find, combining residential comfort with significant commercial potential in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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