REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by KELSI SANDS • COLDWELL BNKR/COMMERCIAL DIV • 503-587-4777
$ 700,000
Est. payment | /mo
4,068 SqFt
$ 700,000
Est. payment | /mo
4,068 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,068 sqft
Price per Sqft $172
MLS Listing ID 829065
Year Built 1928
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Retail
Property Description
Investment Opportunity! Recently renovated building with vaulted ceilings and anopen concept. Currently leased to a marijuana retailer through August 31, 2031 with one (1) Five (5) year option remaining. Lease is NNN, Landlord is currently grossing $50,676 in annual rent. Conveniently situated just a short distance from Interstate 5, the property offers easy access to regional transportation routes, facilitating seamless connectivity forcommuters and visitors. Additionally, the property is only a few minutes away fromdowntown Salem, ensuring proximity to the city's bustling commercial and cultural hub.
Location
State OR
County Marion
Area 20 Central Salem
Building
New Construction No
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "