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1895 12th St SE 2,640 SF Retail Building Salem, OR 97302 $595,000 ($225.38/SF)
Investment Highlights
- Recently painted exterior
- Roof - Less than five years old
- New digital sign
Executive Summary
A turnkey NNN investment opportunity in South Salem, anchored by Jammers Tavern — a well-established neighborhood bar and grill operating under a 10-year
lease through July 2033, with three five-year renewal options. The tenant, Sunshine Inc. (dba Jammers Bar & Grill) has committed to a NNN lease through July 31, 2033, and they have three (3), five (5) year options to renew.
The property sits along 12th Street SE, a well-traveled South Salem corridor with strong everyday traffic. The area supports a mix of neighborhood retail, food & beverage, and service businesses, providing a stable commercial environment with consistent customer demand. Jammers Tavern operates seven days a week (11 AM–2:30 AM), drawing a loyal local following as a genuine neighborhood anchor.
lease through July 2033, with three five-year renewal options. The tenant, Sunshine Inc. (dba Jammers Bar & Grill) has committed to a NNN lease through July 31, 2033, and they have three (3), five (5) year options to renew.
The property sits along 12th Street SE, a well-traveled South Salem corridor with strong everyday traffic. The area supports a mix of neighborhood retail, food & beverage, and service businesses, providing a stable commercial environment with consistent customer demand. Jammers Tavern operates seven days a week (11 AM–2:30 AM), drawing a loyal local following as a genuine neighborhood anchor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bar
Building Size
2,640 SF
Building Class
C
Year Built
1953
Price
$595,000
Price Per SF
$225.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.25 AC
Zoning
CR
Parking
15 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
117’ on 12th Pl
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 597016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $322,740 |
Property Taxes
Parcel Number
597016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$322,740
Contacts
-
Nick Williams, CCIM -
Curt Arthur, SIOR -
Toran Schmidgall -
Capacity Commercial Group LLC
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