3410 Commercial SE St, Salem, OR 97302-4635
This exceptional investment opportunity presents a fully leased, 4,109 square foot commercial property situated on a 0.39-acre lot at 3410 Commercial St, Unit 3410, Salem, OR. Boasting an iconic location directly in front of the busy South Salem Fred Meyer, this property benefits from exceptional traffic counts and high visibility. The strategic placement ensures significant foot and vehicle traffic, maximizing exposure for the existing tenants and providing a strong foundation for future growth. Currently generating income from three distinct sources, this property offers a diversified revenue stream. Two long-term tenants, Lil' Sammies and The Cleanery, contribute consistent rental income. Further enhancing the profitability, a billboard lease adds an additional annual income stream. The property features excellent signage opportunities, allowing for prominent branding and further attracting potential customers. This turnkey investment is an ideal opportunity for those seeking a stable and high-yielding commercial property in a prime Salem location. The property is being sold as-is. Please respect the tenants and do not disturb them during showings. Financial details are available upon request. This is a rare opportunity to acquire a well-established, income-producing property in a high-traffic area.
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The Cleanery (Bike/Boat/Book/etc) 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.