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Property profile & analytics
OFF-MARKET Estimated value $1,985,000
Super regional malls

2955 State St Salem, OH 44460-9307

16,038 SF 1.34 ac lot Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-6086463
Property summary
AI-generated overview

Salem Market Place, located at 2955 E State St, Salem, OH 44460, presents a prime retail investment opportunity. This single-story, 16,252 square foot neighborhood center, built in 2003, sits on 1.34 acres of land and boasts a highly desirable location. The property currently features three suites, with 3,803 square feet of vacant space available for lease. Individual suites range from a minimum of 980 square feet to a maximum contiguous space of 1,536 square feet, offering flexibility for various retail businesses. The center benefits significantly from its strategic positioning, shadow-anchored by a Walmart Supercenter and directly across from a Home Depot. This high-traffic location, drawing an estimated 3.3 million combined visitors annually, ensures exceptional visibility and foot traffic for tenants. The property's convenient access and strong surrounding demographics make it an ideal location for businesses seeking to establish or expand their presence in the Salem market. This is a rare opportunity to secure retail space in a thriving commercial area with significant potential for growth and return on investment. The property offers a unique blend of established success and untapped potential, making it an attractive proposition for discerning investors and retailers alike.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2003
Total area 16,038 SF
Lot 1.34 ac (58,588 SF)
APN 56-017-0-003.03-0
UPID US66-6086463
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
  • Alternative Smokes (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Drayer Physical Therapy Institute Physician
  • GameStop Arcade & Gaming Center Electronics & Wireless Store
  • Christopher Ifantiedes Physician
  • CLINT PAGE Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.60M
CAP Approach CAP
$2.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.99M
Owner & transaction history
Sammarsa Mtn View LLC · 3 yrs held
Sammarsa Mtn View LLC
since 2023
Last sale
$2.1M
6 recorded transactions
2023
$2.1M
2022
Price N/A
2018
Price N/A
2013
$600,000
2011
Price N/A
2007
$3.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.8M +208.8%
Commercial (general) $1.7M +194.0%
Office building $1.5M +145.2%
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