3650 Portland NE Rd, Salem, OR 97301-0310
This exceptional 2,252 square foot commercial property at 3650 Portland Rd, Salem, OR, presents a rare opportunity for an owner-user. Boasting a prime location on a busy four-way intersection just one mile from I-5, this established car lot has enjoyed success as Salem Motor Sports for 36 years. The property includes a spacious first-floor office and shop area, ideally suited for detailing, and a second-floor featuring three offices with skylights, providing ample natural light. Climate control is ensured with dual-level heating and cooling systems, supplemented by an overhead natural gas heater. The property sits on a half-acre corner lot, fully fenced for security, and benefits from prominent signage with a large pylon sign and two convenient ingress/egress points. The ample space can accommodate up to 70 vehicles. Seller financing is available with a substantial down payment. Inventory is not included in the sale price of $1,450,000. This is a turnkey operation ready for a new owner to continue its legacy of success. Don't miss this chance to acquire a well-established business in a high-demand location.
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Salem Motorsports Inc Car Dealership
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.