2530 State St
Salem, OR 97301
Fully Leased Investment Sale - 7.5% Cap Rate · Retail Property For Sale

Fully Leased! 4,000 SF Freestanding Tenured Automotive Center on the corner of State Street and 25th ST SE. Boasting 30,000 vehicles per day this freestanding block construction building offers bidirectional traffic acceptance via easy in and out access to both State Street and 25th St. This long standing Automotive Center, built in 1953, has geographically locked in the surrounding communities for all manners of recurring vehicle services for decades. This corner property is signalized, connected to City Utilities, offers 100' of corner frontage, and resides on a primary thoroughfare between downtown salem, I-5, and Lancaster Dr. Building includes 2 Bay Doors, 1 Office with reception, 1 restroom, a parking ratio of 4/1000, and is Air Compressor Ready! Mechanic Equipment not included in sale. Please contact listing Broker for showing instructions.