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Listed by PAM RUSHING • COLDWELL BNKR/COMMERCIAL DIV • AGENT: 503-566-5706
$ 1,200,000
Est. payment | /mo
7,440 SqFt
$ 1,200,000
Est. payment | /mo
7,440 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 7,440 sqft
Price per Sqft $161
MLS Listing ID 842862
Year Built 1975
Annual Tax Amount $15,872
Tax Year 2025
Lot Size 64.000 Acres
Acres 64.0
Property Sub-Type Office
Property Description
Introducing an exceptional investment opportunity in Salem, Oregon. This 7,440 SF building, comprised of 9 units and zoned MU-III, promises a stable in-place income and significant value-add potential. With 100% occupancy, this property offers built-in NOI growth and boasts recent capital improvements. Rents are currently positioned below market rates, presenting a compelling opportunity for immediate upside. Strategically positioned along a high-traffic corridor, this flexible MU-III property is primed for continued success. Don't miss the chance to acquire a property with strong income stability and promising growth prospects.
Location
State OR
County Marion
Area 30 Suburban E Salem/North
Interior
Heating Electric
Exterior
View Territorial
Roof Type Composition
Building
Sewer City
Water City
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Shannon Knapp
Agent | License ID: 201232190