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    FOR SALE
    Schools

    4707 Silverton Rd NE, Salem, OR 97305

    10,059 SF 0.51 ac lot Built 2005
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US71-0707550
    Property summary
    AI-generated overview

    This exceptional two-story, 10,059-square-foot office building in North Salem presents a rare opportunity for owner-occupancy or investment. Built in 2005, the property boasts a versatile layout featuring private offices, conference rooms, and ample storage, catering to a variety of business needs. The building is conveniently served by an elevator and offers extensive on-site parking. Its CR (Commercial Retail) zoning provides flexibility for future uses. A significant advantage is the inclusion of 1.39 acres of land, allowing for expansion or additional parking. This property offers a unique opportunity to acquire a substantial office building with significant land holdings. The building and land are available for sale or lease, either as a combined package or separately. The property's location in North Salem ensures easy access and convenient ingress/egress. The building's design and features make it an ideal space for a variety of businesses seeking a functional and well-appointed office environment. The substantial land parcel offers significant potential for future development or expansion, adding considerable value to this already impressive offering. This is a truly unique opportunity to acquire a turnkey office space with significant land holdings in a desirable location.

    Property profile
    Verified
    Property type Schools
    Use group COLLEGE, UNIVERSITY, VOC SCHOOL
    Year built 2005
    Total area 10,059 SF
    Lot 0.51 ac (22,216 SF)
    Zoning code CR
    APN 072W08CC11900
    UPID US71-0707550
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Aztec Properties LP · 11 yrs held
    Aztec Properties LP
    since 2014
    4 recorded transactions
    2014
    $1.7M
    2005
    $185,900
    1969
    1969
    Zoning & alternative use
    CR · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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