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1705 Commercial St SE 2,707 SF Office Building Salem, OR 97302 $719,900 ($265.94/SF)
Investment Highlights
- High Traffic Visibility
- Separate Studio Apartment
- New Parking Lot - 7 spaces
- Recent Improvements
- ADA Compliant
Executive Summary
Prime South Salem Location at the corner of Commercial & Washington: 2-story home-to-office conversion with studio basement apartment with private access. Updates include interior/exterior paint, landscaping, flooring, lighting, plumbing, & electrical. New 7-space parking lot with ADA entrance. The main level features a reception area, conference rm, new ADA restroom & two private offices. The 2nd level boasts 3 more offices, restroom & ample storage space. Perfect for owner-user or multi-users while also offering a residential rental to help offset costs. Currently fully leased.
Building Square Footage:
Basement/Apartment - 963 SF
First Floor - 1103 SF
Second Floor - 688 SF
Please use OREF forms.
Building Square Footage:
Basement/Apartment - 963 SF
First Floor - 1103 SF
Second Floor - 688 SF
Please use OREF forms.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,707 SF
Building Class
C
Year Built/Renovated
1923/2020
Price
$719,900
Price Per SF
$265.94
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,103 SF
Slab To Slab
10’
Building FAR
0.37
Lot Size
0.17 AC
Zoning
CO - Land is zoned Commercial Office, MU-II.
Parking
7 Spaces (2.59 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Wheelchair Accessible
- Kitchen
- Basement
- Central Heating
- High Ceilings
- Hardwood Floors
- Air Conditioning
1 1
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 573283 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $285,620 (2025) |
Property Taxes
Parcel Number
573283
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$285,620 (2025)
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1705 Commercial St SE
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