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    FOR LEASE
    Medical Office Space

    2720 Commercial St SE, Salem, OR 97302

    18,015 SF 0.73 ac lot Built 2000
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US71-0310798
    Property summary
    AI-generated overview

    Located at 2720 Commercial St SE, Salem, OR 97302, this exceptional Class A medical office building, Petra Plaza, offers 15,015 square feet of space in a prime location along a highly coveted commercial corridor. Built in 2000 and renovated in 2010, the two-story building features two suites, with one vacant suite available on each floor, ranging from 2,944 to 3,942 contiguous square feet. The property boasts modern construction, abundant parking, and easy ingress and egress. Fully ADA compliant and elevator-served, the building offers a highly usable floor plan, attracting both medical and conventional office users. The building is primarily powered by solar panels, appealing to environmentally conscious tenants. Current tenants include a national oncology clinic and a local IT firm. Leases are offered as full-service, base year. The 0.78-acre property is zoned MU-I and has a convenient location, served by Cherriots route 21 and surrounded by numerous amenities. The building's cross street is Waldo. The APN is 585442. This is a rare opportunity to secure high-quality medical office space in a thriving Salem, Oregon market.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL CLINIC
    Year built 2000
    Total area 18,015 SF
    Lot 0.73 ac (31,799 SF)
    Zoning code CR
    APN 073W34CD01900
    UPID US71-0310798
    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
    • John Cooper Girod Physician
    • John Girod, MD Physician
    • Shaw E David MD Physician
    • Campbell Daniel J DPM Physician
    • Cascade Infectious Dis And Infusn Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.40M
    CAP Approach CAP
    $3.71M
    Comparable Approach Comparable
    $3.83M
    Blend (final) Blend
    $3.40M
    Owner & transaction history
    Petra Commercial Properties LLC · 1 yrs held
    Petra Commercial Properties LLC
    since 2024
    Last sale
    $3.4M
    7 recorded transactions
    2024
    $3.4M
    2010
    $2.5M
    2005
    $267,500
    2003
    2001
    1999
    $223,000
    1969
    Zoning & alternative use
    CR · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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