5070 Commercial SE St, Salem, OR 97306-3573
Turnidge Corner, located at 5070 Commercial St SE in Salem, Oregon, presents a compelling opportunity for businesses seeking high-visibility retail or office space. This 32,500 square foot multi-tenant property, built in 2002 and renovated in 2018, sits on a 2.36-acre lot at the signalized intersection of Commercial Street and Kuebler Boulevard, boasting exceptional visibility and accessibility. Currently, 2,482 square feet of office space is available for lease. The property benefits from ample parking and excellent signage, making it highly attractive to potential customers. Its strategic location in South Salem places it within a thriving retail corridor, surrounded by established businesses including Applebee's, McDonald's, Dollar Tree, Sally's Beauty, and Miller's Paint Co., ensuring high foot traffic and brand recognition. The area's strong demographics, coupled with convenient access to I-5 and a large daytime population fueled by nearby industrial centers like Amazon, FedEx, and Home Depot Distribution Centers, create a robust market for this property. The property is zoned CR - Commercial Retail and is situated in Marion County, Oregon, zip code 97306. The landlord is highly motivated to lease the available space. This is an exceptional opportunity to establish a presence in a prime Salem location.
-
CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
-
Solar Nails 2 Nail Salon
-
Applebee's Grill + Bar Restaurant
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.