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Grocery Outlet 299 D St NE 44,485 SF 48% Leased Retail Building Salem, OR 97301 $4,500,000 ($101.16/SF)
Investment Highlights
- Clear-span design with exposed glue-lam timbers
- Two 25-ton rooftop HVAC units (2014)
- Upgraded electrical service
- Membrane roof (2014)
- Full loading dock with truck turnaround and direct access from Commercial Street
- Fire suppression system
Executive Summary
The building sits on a 2 acre site and features a clear-span layout, full loading dock and ample truck turnaround space, making it highly functional for a wide range of commercial uses. Zoned Central Business District (CBD), the property offers the flexibility to house retail, grocery, entertainment, fitness or other community-serving concepts. The space is ready for a new business to take root at this prominent and highly accessible property within Salem’s Downtown Riverfront Urban Renewal area.
D Street Storage is a 21,267 SF self-storage facility located beneath 299 D Street NE in North Downtown Salem. Built in 2020, the property is fully stabilized and professionally managed by an in-place third-party operator. Tenants enjoy 24-hour access, secure infrastructure, and direct truck access with turnaround from Commercial Street. The facility has shown strong performance in a tight-supply self-storage market, providing reliable built-in cash flow. As a complementary fiscal component to the overall asset, D Street Storage enhances income stability and long-term value for ownership.
D Street Storage is a 21,267 SF self-storage facility located beneath 299 D Street NE in North Downtown Salem. Built in 2020, the property is fully stabilized and professionally managed by an in-place third-party operator. Tenants enjoy 24-hour access, secure infrastructure, and direct truck access with turnaround from Commercial Street. The facility has shown strong performance in a tight-supply self-storage market, providing reliable built-in cash flow. As a complementary fiscal component to the overall asset, D Street Storage enhances income stability and long-term value for ownership.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
44,485 SF
Building Class
C
Year Built
1948
Price
$4,500,000
Price Per SF
$101.16
Percent Leased
48%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.51
Lot Size
1.99 AC
Opportunity Zone
Yes
Zoning
CB
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Clear-span design with exposed glue-lam timbers • Membrane roof (2014) • Two 25-ton rooftop HVAC units (2014) • Full loading dock with truck turnaround and direct access from Commercial Street • Upgraded electrical service • Fire suppression system
| Space | Size | Space Use | Position | Available |
| main level | 23,218 SF | Retail | - | Now |
main level
| Size |
| 23,218 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
main level
| Size | 23,218 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• Clear-span design with exposed glue-lam timbers • Membrane roof (2014) • Two 25-ton rooftop HVAC units (2014) • Full loading dock with truck turnaround and direct access from Commercial Street • Upgraded electrical service • Fire suppression system
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 591638 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,782,100 |
Property Taxes
Parcel Number
591638
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,782,100
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Grocery Outlet | 299 D St NE
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