725 Shipping St NE NE Active Save Request In-Person Tour Request Virtual Tour
Salem,OR 97301
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,260 sqft
Price per Sqft $97
MLS Listing ID 825699
Year Built 1950
Annual Tax Amount $9,815
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Retail
Property Description
Mixed-Used (MU-II) zoning has opened up many possibilities for this property. The 5,170 square-foot second story houses a ballroom, restrooms, full bar, kitchen, and storage. The 5,090 square-foot main level contains a "lounge", full bar, offices, kitchen, dining area, restrooms, and meeting rooms. A fenced and graveled storage yard could be used for parking, outdoor dining, food trucks, or new construction. Ideas for the existing building include a 12-unit apartment building (site plan has been approved), microbrewery or taphouse, coffee, event center, restaurant, bar, etc. The ballroom is still regularly being used, but the building will require significant improvements to utilize all areas. The Seller is open to a traditional sale and also is open to discussing creative partnerships or development ideas.
Location
State OR
County Marion
Area 20 Central Salem
Interior
Inclusions Personal Property
Exterior
Fence Yes
Roof Type Other (Refer to Remarks)
Building
Foundation Slab
Sewer City
Water City,Connected
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional