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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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