494 State St | Salem, OR 97301
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- LoopNet Team
494 State St
Salem, OR 97301
Oregon Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Pro Forma Cap Rate of 10+% • Proforma NOI $444,019
- Proforma Cap and Income based on 95% Occupancy. Current Occupancy is 80%
- In Proximity to a Variety of Amenities and Restaurants • Rich in Historic Character and Charm
- In Place Cap Rate of 7.64% - In Place NOI $332,339
- Prime Location on a Signaled Intersection • Versatile Layout for Various Office Configurations
- 34 Separate Leasable Units • Zoned CB - Commercial Business • 43,280 SF Historic Building
PROPERTY FACTS
Property Type
Office
Building Size
41,290 SF
Building Class
A
Year Built
1912
Percent Leased
81%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,323 SF
Building FAR
3.34
Lot Size
0.28 AC
Zoning
CB - Commercial Business
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 589114 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,469,890 |
PROPERTY TAXES
Parcel Number
589114
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,469,890
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