3405 Commercial SE St, Salem, OR 97302-3864
This exceptional 1,200 square foot retail space, located at 3405 Commercial St SE in Salem, Oregon, presents a remarkable opportunity for a discerning business owner. Situated within a larger 9,000 square foot building constructed in 1994, this single-tenant space is ideally suited for a variety of retail uses, previously operating as a bakery. The property boasts a prime location in a high-traffic commercial area, ensuring excellent visibility and foot traffic. The single-story building is zoned CR (Commercial Retail) and features a flexible layout, perfect for showcasing merchandise with large storefront windows. The address is easily accessible, situated near the intersection of Commercial Street SE and Triangle Street in Marion County, Oregon (zip code 97302). The property's Asset Property Number (APN) is 572730. This space offers a compelling combination of location, size, and affordability, making it an attractive option for businesses seeking to establish or expand their presence in a thriving South Salem market. Lease rates are competitive and reflect the current market value. The property is ready for immediate occupancy. Inquire today to learn more about this exceptional retail opportunity.
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Freeway Insurance Insurance Agency
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Ibendoo ramen Restaurant
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Simply Pho Restaurant
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Great Harvest Bread Co. Bakery Specialty Food Shop
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T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CR · Salem, ORSalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.