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250 Division St NE 6,315 SF 100% Leased Office Building Salem, OR 97301 $1,700,250 ($269.24/SF)
Investment Highlights
- Sales Price: $1,770,250.00
- Flexible Office Building Fully Fenced
- Turn-Key Administrative Office Facility
- Lease Price Range: $1.25-1.50/SF/MO NNN (NNN estimated at $.75/SF/MO)
- 23 Parking Spaces
Executive Summary
Located in the heart of Salem, OR, this property offers a rare opportunity to own or lease a secure, well-configured office facility ideally suited for nonprofits, government agencies, community service providers, and professional office users. Featuring 12 private offices, conference rooms, ADA restrooms, secured parking (23 spaces), full perimeter fencing, and flexible workspace areas, the property offers immediate functionality at a price below replacement cost. Neighboring tenants include Salem Police Department, Day Heating, Union Gospel Mission, and Bridgeway Community Services.
The building’s layout is well-suited for owner-users or tenants seeking a functional office environment with the ability to accommodate multiple users or departments.
The building’s layout is well-suited for owner-users or tenants seeking a functional office environment with the ability to accommodate multiple users or departments.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
6,315 SF
Building Class
B
Year Built
2006
Price
$1,700,250
Price Per SF
$269.24
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,315 SF
Building FAR
0.32
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
CO
Parking
30 Spaces (4.75 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 589377 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $936,400 |
Property Taxes
Parcel Number
589377
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$936,400
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