Property summary
This 5-acre commercial property in Salem, Oregon, presents a unique redevelopment opportunity. Strategically located near the Highway 22/Gaffin Road interchange, a major transportation corridor between Salem and Central Oregon, it boasts unparalleled accessibility and visibility. The property includes a 1,364 sq ft house (built 1954), a 2,240 sq ft pole building (built 2012), and a 3,744 sq ft storage building (built 1989), all currently generating approximately $3,070 in monthly net income from month-to-month tenants. The property is served by a well (installed 2008, approx. 102' deep, 20-30 GPM) and septic system. Recently re-zoned Commercial in Marion County, this location is experiencing rapid industrial development and is surrounded by major corporations including Amazon, FedEx, Home Depot, and Lineage Logistics. Situated approximately 3 miles from Interstate 5, this property offers significant potential for various commercial uses. Seller financing is available. Please note: Do not disturb tenants.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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