Individually Owned Property summary
Osborn Plaza, located at 3300 Market St NE, Salem, Oregon 97301, presents a compelling investment opportunity in a thriving retail environment. This Class C shopping center, totaling 4,470 square feet on a 0.39-acre lot, offers nine suites with various sizes available for lease. Currently, 653 square feet are vacant, providing immediate occupancy potential. The property underwent renovations in 2024, ensuring modern amenities for tenants. The minimum divisible space is 653 square feet, while larger spaces are also available, ranging from approximately 539 to 810 square feet. One available suite features a private restroom and includes a private office, storage area, and open retail space. The property is zoned CR and enjoys convenient access via Hawthorne Ave. The Net Net Net (NNN) lease rate is $0.66 per square foot per month, and tenant improvements are negotiable. This is an exceptional opportunity to secure retail space in a well-located Salem center. The property's multiple suite configuration offers flexibility for various retail businesses. Don't miss this chance to establish your presence in this vibrant commercial area.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
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Alternative Medicine Practice Spa & Massage Center
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(Bike/Boat/Book/etc) Store
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Barber Shop
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Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
Derived from the Salem market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CR · Salem, ORThe purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR in Salem, OR.
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