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1111-1117 Edgewater St NW 7,382 SF 67% Leased Retail Building Salem, OR 97304 $1,395,000 ($188.97/SF)
Investment Highlights
- Owner/user Opportunity
- Recent upgrades to the building include a new roof in 2024
- Great location and visibility on Edgewater
Executive Summary
Retail building located along the Edgewater Street corridor. The building is divided into three separately leased spaces - Max & Ro Hair Co.,The Vault and the former Old Zen Wine Bar. Max & Ro went through a major renovation in 2016; The Vault and former Old Zen Wine Bar went through renovations in 2020. The Vault includes a full kitchen with hood. Recent upgrades to the building include a new roof in 2024.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,382 SF
Building Class
C
Year Built/Renovated
1940/2020
Price
$1,395,000
Price Per SF
$188.97
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
ESMU
Frontage
98’ on Edgewater St
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
NNN’s currently running $6.72/SF/YR. This space was most recently occupied by a wine bar and is mainly open with a large bar that has been built out. Space was recently remodeled and includes a private office, large storage area and restroom.
| Space | Size | Space Use | Position | Available |
| 1115 | 2,456 SF | Retail | In-Line | Now |
1115
| Size |
| 2,456 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1115
| Size | 2,456 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
NNN’s currently running $6.72/SF/YR. This space was most recently occupied by a wine bar and is mainly open with a large bar that has been built out. Space was recently remodeled and includes a private office, large storage area and restroom.
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 313597 | Improvements Assessment | $247,730 |
| Land Assessment | $70,780 | Total Assessment | $318,510 |
Property Taxes
Parcel Number
313597
Land Assessment
$70,780
Improvements Assessment
$247,730
Total Assessment
$318,510
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1111-1117 Edgewater St NW
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