Entity Owned Property summary
This exceptional 3,129 square foot executive office suite, located at 777 Commercial St SE Suite B in Salem, Oregon, presents a unique investment opportunity. Situated within a prestigious, luxury apartment building, this single-tenant space boasts an open floor plan, two ADA-compliant restrooms, and convenient exterior entrances. The suite is divisible into two separate units, each a minimum of 1,391 square feet, offering flexibility for various business needs. Benefiting from recent rezoning to Mixed-Use Riverfront, this property allows for diverse uses, capitalizing on its proximity to the Willamette River. The building offers Class A amenities, including dedicated parking and prominent monument signage. Its location at a signalized intersection ensures high visibility and significant traffic counts. This thriving commercial environment includes notable co-tenants such as Cascade Cardiology, First American Title, and AFLAC Insurance, alongside over 85 luxury condominium units. Tenant improvement options are available for qualified tenants and lease terms. The property sits on a 2.54-acre lot in Salem, Oregon (zip code 97301), within Marion County.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Tax Preparation
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Charitable Organization Volunteer Organization
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Physician
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Physician
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
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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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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