2789 E State St | Salem, OH 44460
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2789 E State St
Salem, OH 44460
95% Occupied Shadow WalMart Center - 8.3% CAP · Retail Property For Sale
Investment Highlights
- • 95% Occupied Multi-Tenant Center Shadow Anchored by Walmart Supercenter and Home Depot
- • Nearly All NNN Structures with Most Reimbursing Management and Leased with Recession Proof and Service-Oriented Tenants
- • Original Owner/Developer: Excellent Curb Appeal & Well-Maintained: Notable Improvements & Upgrades, Including Metal Roofing & New LED Lighting
- • Attractive 8.30% CAP Rate Asking Price Generating a 14.75% Expected Year-1 Cash-on-Cash Return
- • Almost 50% of Tenants are Original(2006-2007) and Over 75% of the Leased Space has had Renewals Within the Past 18-Months, Demonstrating Success
- • Signalized Corner Location: Excellent Frontage Along State Street (US-14) & Prominent Pylon Signage | Strong Community: Avg Household Income $83k
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,220 SF
Building Class
C
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.14 AC
Zoning
Commercial
Parking
20 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 5108321000 | Improvements Assessment | $395,060 |
| Land Assessment | $76,720 | Total Assessment | $471,780 |
Property Taxes
Parcel Number
5108321000
Land Assessment
$76,720
Improvements Assessment
$395,060
Total Assessment
$471,780
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
