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2425 25th St SE
Salem, OR 97302
Retail Property For Sale
Investment Highlights
- Located within a designated Opportunity Zone
- Demised for two primary interior tenants
- Positioned on a prominent corner in Southeast Salem
Executive Summary
We are pleased to present 2425 25th Street SE, a 15,000-square-foot multi-tenant retail/flex building situated on a highly visible 1.25 acre corner lot in Salem, Oregon. Located at the signalized intersection of 25th Street SE and McGilchrist Street SE, the property offers exceptional exposure in a densely trafficked industrial and commercial corridor just minutes from the Salem Municipal Airport and I-5.
Qualified Opportunity Zone: Located within a designated Opportunity Zone, offering potential buyers significant federal tax advantages, including capital gains deferral and reduction for long-term holds.
Strategic Location: Positioned on a prominent corner in Southeast Salem, the site benefits from strong daily traffic counts, easy access to major regional arterials, and proximity to Salem’s industrial sectors.
Flexible Footprint: The versatile flex-shell construction allows the building to be easily adapted for standard light industrial, showroom, or continued retail/entertainment uses, catering to a broad pool of prospective tenants.
Current Configuration: Demised for two primary interior tenants (a brewery and a restaurant/arcade) with high-value infrastructure including commercial kitchen build-outs, roll-up doors, and heavy power, plus a dedicated pad for a food truck operator.
Qualified Opportunity Zone: Located within a designated Opportunity Zone, offering potential buyers significant federal tax advantages, including capital gains deferral and reduction for long-term holds.
Strategic Location: Positioned on a prominent corner in Southeast Salem, the site benefits from strong daily traffic counts, easy access to major regional arterials, and proximity to Salem’s industrial sectors.
Flexible Footprint: The versatile flex-shell construction allows the building to be easily adapted for standard light industrial, showroom, or continued retail/entertainment uses, catering to a broad pool of prospective tenants.
Current Configuration: Demised for two primary interior tenants (a brewery and a restaurant/arcade) with high-value infrastructure including commercial kitchen build-outs, roll-up doors, and heavy power, plus a dedicated pad for a food truck operator.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
B
Year Built
1977
Price
$2,795,000
Price Per SF
$186.33
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.31 AC
Opportunity Zone
Yes
Zoning
IC - Industrial Commercial
Parking
20 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
282’ on Mcgilchrist St
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 582575 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,271,140 |
Property Taxes
Parcel Number
582575
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,271,140
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