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Property summary
Anthony's Corner @ Wiltsey, located at 5775 Commercial St SE in Salem, Oregon, presents a remarkable opportunity for businesses seeking Class A retail, office, or restaurant space. This four-story, 84,480 square foot neighborhood center, built in 2023, boasts five suites with flexible layouts ranging from 1,271 to 3,203 contiguous square feet. Currently, 9,807 square feet are available, including one 3,203 square foot space ideal for a restaurant and other spaces ranging from 1,080 to 1,584 square feet. The property sits on a 2.93-acre lot (127,459 square feet) and is zoned CR. Building amenities include elevators. This development is uniquely situated within a vibrant community and includes 71 upscale apartment homes with separate secure parking and access, ensuring high foot traffic and visibility. The landlord is open to collaborating on build-out and interior improvements, making this an exceptional opportunity for businesses seeking a turnkey solution. Construction was completed in 2023. This is an exceptional opportunity for businesses seeking a turnkey solution in a thriving location.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Building
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CR · Salem, ORThe purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR in Salem, OR.
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