Share This Listing

Message

955 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

A 3545 Portland Rd NE 39,935 SF Retail Building Salem, OR 97301 $2,750,000 ($68.86/SF) 8.99% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

Plaza Del Sol is located on Portland Rd NE in the City of Salem’s North Gateway Urban Renewal Area. This two-building property sits on approximately 3.25 acres on two tax parcels and totals approximately 39,935 SF, which is comprised of ˜20,445 SF of retail/office space in the main building, ˜10,100 SF of warehouse space in a separate warehouse building, and approximately 9,390 of covered lean-to storage area adjacent to the main building. The upper level of the main building (served by an elevator) has approximately 4,080 SF of office space. The main building is home to an array of local businesses with diverse uses and the warehouse building is comprised of two suites leased to an indoor soccer facility and a pallet fabricator. The property contains surplus land which is poised for additional improvements or outdoor storage as well as an tenant-occupied building pad.

ATTACHMENTS

Plaza Del Sol

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,935 SF
Building Class
C
Year Built
1956
Price
$2,750,000
Price Per SF
$68.86
Cap Rate
8.99%
NOI
$247,275
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
3.40 AC
Zoning
IC
Parking
63 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
196’ on Portland Rd Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 130
  • 6,126 SF
  • Retail
  • -
  • Now

Suite 130 is a spacious retail suite at Plaza Del Sol offering a rare opportunity to create a destination space in one of Salem’s most active corridors. Formerly a nightclub, the suite is ideal for a variety of uses — including retail, food and beverage, or entertainment. The space features a full fire sprinkler system, HVAC, existing plumbing for a full-service bar, men’s and women’s restrooms, and a 9’ x 9’ grade-level roll-up door leading to additional usable exterior space. Though the Portland Road frontage windows are currently covered, they can easily be reopened to bring in abundant natural light. With direct access from both Portland Road and the interior common area of the plaza, this suite offers excellent visibility, flexible access, and the scale to support large operations,

  • 200
  • 455 SF
  • Office
  • -
  • Now

Small, second floor office. Elevator served with common restrooms and good parking.

  • 220
  • 568 SF
  • Office
  • -
  • Now

Small, second floor office. Elevator served with common restrooms and good parking.

  • 240
  • 383 SF
  • Office
  • -
  • Now

Second floor, soloprenuer office. Elevator served with common restrooms and good parking.

  • 250
  • 625 SF
  • Office
  • -
  • Now

Small, second floor office space. Elevator served with common restrooms and good parking.

  • 270
  • 353 SF
  • Office
  • -
  • Now

Second floor, soloprenuer office. Elevator served with common restrooms and good parking.

Space Size Space Use Position Available
130 6,126 SF Retail - Now
200 455 SF Office - Now
220 568 SF Office - Now
240 383 SF Office - Now
250 625 SF Office - Now
270 353 SF Office - Now

130

Size
6,126 SF
Space Use
Retail
Position
-
Available
Now

200

Size
455 SF
Space Use
Office
Position
-
Available
Now

220

Size
568 SF
Space Use
Office
Position
-
Available
Now

240

Size
383 SF
Space Use
Office
Position
-
Available
Now

250

Size
625 SF
Space Use
Office
Position
-
Available
Now

270

Size
353 SF
Space Use
Office
Position
-
Available
Now

130

Size 6,126 SF
Space Use Retail
Position -
Available Now

Suite 130 is a spacious retail suite at Plaza Del Sol offering a rare opportunity to create a destination space in one of Salem’s most active corridors. Formerly a nightclub, the suite is ideal for a variety of uses — including retail, food and beverage, or entertainment. The space features a full fire sprinkler system, HVAC, existing plumbing for a full-service bar, men’s and women’s restrooms, and a 9’ x 9’ grade-level roll-up door leading to additional usable exterior space. Though the Portland Road frontage windows are currently covered, they can easily be reopened to bring in abundant natural light. With direct access from both Portland Road and the interior common area of the plaza, this suite offers excellent visibility, flexible access, and the scale to support large operations,

200

Size 455 SF
Space Use Office
Position -
Available Now

Small, second floor office. Elevator served with common restrooms and good parking.

220

Size 568 SF
Space Use Office
Position -
Available Now

Small, second floor office. Elevator served with common restrooms and good parking.

240

Size 383 SF
Space Use Office
Position -
Available Now

Second floor, soloprenuer office. Elevator served with common restrooms and good parking.

250

Size 625 SF
Space Use Office
Position -
Available Now

Small, second floor office space. Elevator served with common restrooms and good parking.

270

Size 353 SF
Space Use Office
Position -
Available Now

Second floor, soloprenuer office. Elevator served with common restrooms and good parking.

Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

CrossFit
United Rentals
Hertz Equipment Rental
Grocery Outlet
Planet Fitness - Salem, OR

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
526078
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,336,000
  • Listing ID: 33524152

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 3545 Portland Rd NE, Salem, OR 97301

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}