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    Property profile & analytics
    OFF-MARKET Estimated value $1,820,000
    Turn key restaurants

    5005 Commercial SE St, Salem, OR 97306-1021

    4,319 SF 0.52 ac lot Built 1993
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-0486032
    Property summary
    AI-generated overview

    This exceptional restaurant property presents a unique investment opportunity in a high-traffic area of South Salem. The building boasts 4,251 square feet of well-maintained space, ideally suited for a variety of culinary concepts. Situated on a substantial 1.1-acre parcel (48,409 square feet), the property offers ample room for outdoor seating, expansion, or additional development. Its prime corner location at the signalized intersection of Kuebler Boulevard and South Commercial Street ensures high visibility and accessibility. The area is anchored by major retail establishments, guaranteeing a steady flow of potential customers. This single-tenant building is ready for immediate occupancy, providing a turnkey solution for established restaurants or ambitious entrepreneurs seeking a thriving location. The property's size and location make it an attractive investment for those seeking a strong return on investment in a dynamic commercial market. The substantial land area also offers potential for future development or expansion, adding further value to this already desirable property. This is a rare opportunity to acquire a well-positioned restaurant property in a highly sought-after location. The combination of size, location, and visibility makes this an exceptional investment prospect. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1993
    Total area 4,319 SF
    Lot 0.52 ac (22,651 SF)
    Zoning code CG
    APN 083W15AA00100
    UPID US71-0486032
    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
    Current use
    Occupant on record · Public records
    • Shari's Cafe and Pies Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.09M
    Blend (final) Blend
    $1.82M
    Owner & transaction history
    Stark Woodland Properties INC · 8 yrs held
    Stark Woodland Properties INC
    since 2018
    3 recorded transactions
    2018
    2018
    1980
    Zoning & alternative use
    CG · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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