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    FOR LEASE
    Retail space

    5775 Commercial St SE, Salem, OR 97306

    2.92 ac lot
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US71-0667864
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Lot 2.92 ac (127,195 SF)
    Zoning code CR
    APN 083W14CD00700
    UPID US71-0667864
    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
    • Anthony's Place Apartments Apartment Building
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rushing Coml Crossing LLC · 14 yrs held
    Rushing Coml Crossing LLC
    since 2012
    7 recorded transactions
    2012
    2010
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    CR · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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