880 Liberty NE St, Salem, OR 97301-2450
- Office buildings
- 3,593 SF
- 0.44 lot acres
Current Use by Public Records
- Life Balance Acupuncture Clinic / Medical Clinic / Alternative Medicine Practice
- Sharon L. Roemmel, LMT #3696 / Life Coach / Yoga Instructor
- Practically Enlightened You / Gym & Fitness Center
- Haven Therapeutic Massage and Bodywork / Alternative Medicine Practice / Spa & Massage Center
- New Hope Counseling / Crisis Center / Medical Clinic
Property Details for 880 Liberty NE St
- Year built
- 1972
- Lot size
- 0.44 lot acres
- Zone code
- CR
- Property type
- Office buildings
- APN
- 073W22DA09300
- APU
- 073W22DA09300
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 10, 2025 | $830,000 | Veterans Of Foreign Wars Department | Camwest Salem Properties LLC | Warranty Deed | — |
| Jul 21, 2017 | — | City Of Salem | Scott Housing R/e Dev LLC | Warranty Deed · related | — |
| Jul 31, 2014 | $630,000 | Camwest Salem Properties LLC | 880 Liberty Street Ne LLC | Warranty Deed | $330k · Citizens Bk |
| Aug 29, 2013 | — | 880 Liberty Street Ne LLC | Ammann,kenneth L | Grant Deed · related | — |
| Jul 21, 2008 | $625,000 | Kenneth L Ammann | Mcclinton,michael C | Warranty Deed | $325k · Pioneer Trust Bank NA |
| Aug 24, 1976 | $165,000 | Edward L Al Clark JR. | Unknown | Grant Deed | — |
| — | — | 880 Liberty Street Ne LLC | — | Deed Of Trust · related | $283k · Bank Of America |
Description
This 3,593 square foot executive office building is ideally situated in Salem, Oregon, just north of the downtown core, adjacent to McMenamins Boone's Treasury. The property, zoned MU-I, offers a fantastic opportunity for owner-occupants or investors. The building boasts a welcoming reception area with a built-in desk, ten private offices each with windows, a sizable conference room, and a generous open workspace perfect for collaboration or additional office space. Twenty on-site parking spaces provide ample convenience, supplemented by a passive income stream generated from an after-hours parking lease agreement with McMenamins. Currently, tenants occupy the space on a month-to-month basis, offering flexibility for the new owner. The vibrant location provides easy access to a variety of amenities, including parks, shops, restaurants, and government buildings, all within close proximity. This property presents a unique blend of prime location, functional office space, and potential for additional revenue, making it an attractive investment opportunity in a thriving area of Salem. The asking price is $845,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $840,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $880,000
- 6.5%
- $810,000
- 7%
- $755,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,068,000
- AI Estimate
- $1,068,000
Market price range: $536k - $1.34MMarket price range: $536k - $1.34M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $925,000 Current use
- AUTO REPAIR, GARAGE
- $1,285,000 Change: +39% Conversion: Difficult
- MEDICAL BUILDING
- $1,215,000 Change: +31% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,015,000 Change: +10% Conversion: Easy
- RETAIL STORES
- $885,000 Change: -4% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.034
- Latitude
- 44.948
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
