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388 Commercial St NE
Salem, OR 97301
Retail Property For Sale
Investment Highlights
- Prime Salem commercial opportunity in a thriving downtown setting
- Owner to lease back for a 5-year term post closing, guaranteeing consistent income
- NEW ROOF in 2014
- 13,448 SF, with 6,515 SF currently owner-occupied
- Ideal for an owner-occupant utilizing an SBA loan
- NEW HVAC Units in 2020 & 2022
Executive Summary
• Prime Salem commercial opportunity in a thriving downtown setting
• 13,448 SF, with 6,515 SF currently owner-occupied
• Owner to lease back for a 5-year term post closing, guaranteeing consistent income
• Ideal for an owner-occupant utilizing an SBA loan
• NEW ROOF in 2014
• NEW HVAC Units in 2020 & 2022
• 13,448 SF, with 6,515 SF currently owner-occupied
• Owner to lease back for a 5-year term post closing, guaranteeing consistent income
• Ideal for an owner-occupant utilizing an SBA loan
• NEW ROOF in 2014
• NEW HVAC Units in 2020 & 2022
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,448 SF
Building Class
B
Year Built
1911
Price
$2,900,000
Price Per SF
$215.65
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
CB
Frontage
156’ on Commercial St
Amenities
- Bus Line
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 589213 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $757,540 |
Property Taxes
Parcel Number
589213
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$757,540
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