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Property summary
The 45th Parallel Building, located at 2195 Hyacinth St NE in Salem, Oregon, offers a diverse range of commercial spaces ideal for businesses of all sizes. This 72,489 square foot building sits on a 7-acre lot and is zoned IC. The property boasts a variety of uses, including retail, office, and industrial space, currently configured as executive office and warehouse/distribution space. Multiple tenancies are available, with a minimum divisible space of 185 square feet and a maximum contiguous space of 2,480 square feet. Currently, 21,100 square feet of space is vacant, presenting a significant opportunity for immediate occupancy. The building underwent renovations in 2015, ensuring modern amenities and functionality. The property's location in Marion County, Oregon, provides easy access to major transportation routes and a thriving business community. With 24 spaces currently available, ranging from small executive offices to larger warehouse/distribution areas, this property offers unparalleled flexibility to accommodate a variety of business needs. The building's versatile design and prime location make it an exceptional investment opportunity in the Salem market. The zip code is 97301.
Property profile
VerifiedCap rate & NOI
Current use
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Church
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Tech Support Center IT Consulting Firm
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Toner Cartridge Supplier Office Supply Store
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Furniture & Home Goods Home Decor Store
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Industrial Manufacturer Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 u…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property 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 u…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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 u…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IC in Salem, OR.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
