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Mixed-Use Income Property 2 Retail Properties Offered at $815,000 in Salem, OR
Executive Summary
Three contiguous tax lots totaling 0.28 acres of commercially-zoned MU-I land in Northeast Salem, improved with two buildings comprising 5,272 square feet. The primary Building at 2380 Fairgrounds Rd NE (4,408 SF, built 1940) is a multi-use building housing three residential apartments and one commercial tenant. The secondary building at 2370 Fairgrounds Rd NE (864 SF, built 1940) is occupied by a commercial tenant. A third parcel at the 1300 block of Smith St NE provides 3,568 SF of supporting site land and parking. All five units are currently occupied.
Property Facts
| Price | $815,000 | Number of Properties | 3 |
| Price / SF | $154.59 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 5,272 SF |
| Sale Type | Investment | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $815,000 |
| Price / SF | $154.59 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 5,272 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2380 Fairgrounds Rd NE, Salem, OR 97301 | Retail | 4,408 SF | 1940 | - |
| 2370 Fairgrounds Rd NE, Salem, OR 97301 | Retail | 864 SF | 1940 | - |
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