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Property profile & analytics
FOR LEASE
Banks

2710 Commercial St SE Salem, OR 97302

0.48 ac lot
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US71-0491868
2710 Commercial St SE, Salem, OR 97302 For Lease
$27 SF/Yr 3,612 SF available
2710 Commercial St SE, Salem, OR 97302
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Property summary
AI-generated overview

This 3,612 square foot standalone retail building in Salem, Oregon, is available for lease. Located at 2710 Commercial St SE, this single-tenant property offers a prime location with high visibility and traffic counts of 42,950 vehicles daily. The building's former use as a bank provides unique features including a drive-thru, a welcoming lobby, a vault, four private offices, and two restrooms. The interior boasts Class A finishes, such as LED lighting, newer carpet, and updated fixtures. The spacious 21,669 square foot lot provides ample parking and outdoor space. The Mixed Use III zoning allows for a variety of uses, making it ideal for professional retail or office tenants seeking a high-traffic location. The property is conveniently situated within walking distance of numerous businesses and retailers, further enhancing its appeal and accessibility. This well-maintained building presents a fantastic opportunity for a business seeking a prominent presence in a thriving Salem commercial district. The lease rate is $2.25 per square foot, NNN. The property is located in Marion County, Oregon, zip code 97302.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.48 ac (20,909 SF)
Zoning code CR
APN 073W34CD01802
UPID US71-0491868
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
  • ATM - Umpqua Bank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rh & Ls Ents LLC · 15 yrs held
Rh & Ls Ents LLC
since 2011
5 recorded transactions
2019
Price N/A
2011
$1.4M
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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