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Keizer Core Redevelopment Opportunity 4200 River Rd N 8,840 SF Retail Building Salem, OR 97303 $2,500,000 ($282.81/SF)
Investment Highlights
- High profile location
- Dual frontage
- Signalized Intersection
- Seller may consider an owner-carry transaction for a well-qualified buyer
Executive Summary
4200 River Road N presents a rare opportunity to acquire one of Keizer’s most high-profile commercial sites. Situated at the signalized intersection of River Road N and Manbrin Dr NE, this 0.80-acre parcel offers dual frontage, excellent access from both streets, and visibility that’s unmatched in the market. Restaurant shall remain operational until Q3 2025. Transaction is for real estate only, business is not for sale. Seller may consider an owner-carry transaction for a well-qualified buyer.
Strategically positioned near the signalized intersection of River Road N and Manbrin Dr NE, this 0.80-acre property occupies one of Keizer’s most prominent commercial corridors. With dual frontage and full access from both River Road N and Cherry Avenue NE—totaling over 320 feet of street exposure—the site offers exceptional ingress and egress, a rarity in today’s urban landscape.The property is zoned CMU (Commercial Mixed Use), making it highly versatile for retail, office, or redevelopment scenarios. It currently features an 8,840 SF restaurant building, JC’s Pizzaria, with ample on-site parking exceeding minimum code requirements. The corner lot benefits from strong traffic counts (27,921 vehicles/day on River Road) and is surrounded by a healthy mix of commercial, residential, and institutional uses. Its proximity to major retail hubs such as Keizer Station and its visibility along the city's main arterial make this an unmatched opportunity in one of Oregon’s most supply-constrained submarkets.
Strategically positioned near the signalized intersection of River Road N and Manbrin Dr NE, this 0.80-acre property occupies one of Keizer’s most prominent commercial corridors. With dual frontage and full access from both River Road N and Cherry Avenue NE—totaling over 320 feet of street exposure—the site offers exceptional ingress and egress, a rarity in today’s urban landscape.The property is zoned CMU (Commercial Mixed Use), making it highly versatile for retail, office, or redevelopment scenarios. It currently features an 8,840 SF restaurant building, JC’s Pizzaria, with ample on-site parking exceeding minimum code requirements. The corner lot benefits from strong traffic counts (27,921 vehicles/day on River Road) and is surrounded by a healthy mix of commercial, residential, and institutional uses. Its proximity to major retail hubs such as Keizer Station and its visibility along the city's main arterial make this an unmatched opportunity in one of Oregon’s most supply-constrained submarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,840 SF
Building Class
C
Year Built
1974
Price
$2,500,000
Price Per SF
$282.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.80 AC
Zoning
CM - CM
Parking
10 Spaces (1.13 Spaces per 1,000 SF Leased)
Frontage
136’ on River Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Jc's Pizzaria
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Jc's Pizzaria | Retailer | - | - | - |
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 525052 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $829,870 |
Property Taxes
Parcel Number
525052
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$829,870
Contacts
-
Nick Williams, CCIM -
Curt Arthur, SIOR -
Toran Schmidgall -
Capacity Commercial Group LLC
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Keizer Core Redevelopment Opportunity | 4200 River Rd N
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