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Property profile & analytics
FOR SALE
Manufacturing properties

845 Bassett St NW Salem, OR 97304

47,600 SF Built 1964
Property ID
US71-Q018451
Property summary
AI-generated overview

This 47,600-square-foot concrete tilt-up warehouse at 845 Bassett St NW in Salem, sits on a 2.27-acre site built in 1964. Located on a 6.67 acre industrial park in West Salem, it supports efficient manufacturing, distribution, and industrial operations. Features include 26-foot clear height, 48-by-40-foot column spacing, full sprinkler system, six primary east-side dock doors, six secondary west-side dock doors, 3,000 square feet of office space, 490 feet of road frontage, fenced yard, and three-phase power. Zoned MU-III (Mixed Use-III), it allows mixed-use flexibility and adaptive reuse for full General Industrial (IG) uses—like heavy vehicle service, warehousing, and equipment operations—without rezoning, supporting general manufacturing, conditional larger-scale operations, and infill redevelopment in pedestrian-friendly urban areas. This property offers strong potential in Salem's growing sector for investors seeking adaptability and value. Contact our office for details or a site visit. The MU-III (Mixed Use-III) zoning offers a strategic blend of flexibility for mixed-use development while enabling robust industrial operations through adaptive reuse provisions for existing structures, making it an ideal fit for industrial-focused investors and operators seeking to leverage established warehouse facilities in a high-potential location. This zone supports a wide range of activities, including permitted general manufacturing with on-site retail, conditional larger-scale manufacturing like food service contracting or sign production, and industrial services, all while promoting infill redevelopment in urban corridors with pedestrian-friendly standards. Key advantages for industrial users include the adaptive reuse allowance for pre-2022 industrial buildings—such as the existing 82,000 SF warehouses on this site—permitting full General Industrial (IG) zone uses like heavy vehicle service, warehousing, and equipment operations without rezoning. Positioned in a prime West Salem logistics hub with excellent highway access and rail proximity, this approximately 6.5-acre MU-III property—featuring grade-level doors, clear-span design, 3-phase power, sprinklers, and fenced yard—presents a rare opportunity for adaptive industrial ventures that capitalize on Salem's growing manufacturing and distribution sector, delivering operational versatility and strong investment returns.

Property profile
Verified
Property type Manufacturing properties
Year built 1964
Total area 47,600 SF
UPID US71-Q018451
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
  • Truitt Bros. Inc. Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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