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1900 Hines St SE
Salem, OR 97302
MAPS Building · Office Property For Sale
Investment Highlights
- 878 SF of wide-open office space
- Ideal for small businesses, yoga studio, single use massage therapist etc
- Central location
- Efficient layout suitable for a range of business uses
- Strong tenant mix with great anchors
Executive Summary
Anchored by Marion and Polk Schools Credit Union (Maps CU) and the State of Oregon Department of Human Services (DHS), this office investment sits less than 1 mile from I-5 and the Central Business District. Close to Salem Health, the Oregon State Capitol, and Willamette University. Great curb appeal and parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
28,293 SF
Building Class
C
Year Built/Renovated
1978/1997
Price
$5,725,000
Price Per SF
$202.35
Cap Rate
7.48%
NOI
$428,421
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,147 SF
Building FAR
0.31
Lot Size
2.08 AC
Opportunity Zone
Yes
Zoning
IC
Parking
30 Spaces (1.06 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 527910 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,976,850 |
Property Taxes
Parcel Number
527910
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,976,850
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