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1111-1117 Edgewater St NW

7,382 SF 67% Leased Retail Building Salem, OR 97304 £1,102,064 (£149/SF) 7.58% Net Initial Yield

Investment Highlights

  • Great location and visibility on Edgewater
  • Recent upgrades to the building include a new roof in 2024

Executive Summary

Retail building located along the Edgewater Street corridor. The building is divided into three separately leased spaces - Max & Ro Hair Design and The Vault. Max & Ro went through a major renovation in 2016; The Vault and former Old Zen Wine Bar went through renovations in 2020. The Vault includes a full kitchen with hood. Recent upgrades to the building include a new roof in 2024.

Attachments

Edgewater St NW, 1111-1117- SALE

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,382 SF
Building Class
C
Year Built/Renovated
1940/2020
Price
£1,102,064
Price Per SF
£149
Net Initial Yield
7.58%
NOI
£83,536
Percent Leased
67%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.77
Land Acres
0.22 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
ESMU
Frontage
98 ft on Edgewater St

Amenities

  • Bus Route
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1115
  • 2,456 SF
  • Retail
  • In-Line
  • Now
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1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 1 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 2 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 3 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 4 of 4
Interior Photo

NNN’s currently running $6.72/SF/YR. This space was most recently occupied by a wine bar and is mainly open with a large bar that has been built out. Space was recently remodeled and includes a private office, large storage area and restroom.

Space Size Space Use Position Available
1115 2,456 SF Retail In-Line Now

1115

Size
2,456 SF
Space Use
Retail
Position
In-Line
Available
Now
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 1 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 2 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 3 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 4 of 4
Interior Photo

1115

1/4
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 1 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 2 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 3 of 4
Interior Photo
1111-1117 Edgewater St NW, Salem, OR for sale Interior Photo- Image 4 of 4
Interior Photo
Size 2,456 SF
Space Use Retail
Position In-Line
Available Now

NNN’s currently running $6.72/SF/YR. This space was most recently occupied by a wine bar and is mainly open with a large bar that has been built out. Space was recently remodeled and includes a private office, large storage area and restroom.

1 of 1
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

WaFd Bank
Chase Bank
U.S. Bank
Snap Fitness
Starbucks
Dutch Bros
Wells Fargo Home Mortgage
KeyBank
Umpqua Bank
Safeway

PROPERTY TAXES

Parcel Number 313597 Improvements Assessment £190,013
Land Assessment £54,289 Total Assessment £244,303

PROPERTY TAXES

Parcel Number
313597
Land Assessment
£54,289
Improvements Assessment
£190,013
Total Assessment
£244,303
(503) 364-7400 x2

  • Listing ID: 34068799

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 1111-1117 Edgewater St NW, Salem, OR 97304

The Retail Property at 1111-1117 Edgewater St NW, Salem, OR 97304 is currently available For Sale. Contact First Commercial Real Estate for more information.

Nearby Listings

1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/7
1111-1117 Edgewater St NW, Salem, OR for sale Building Photo- Image 1 of 7
Building Photo
1111-1117 Edgewater St NW, Salem, OR for sale Building Photo- Image 2 of 7
Building Photo
1111-1117 Edgewater St NW, Salem, OR for sale Building Photo- Image 3 of 7
Former Old Zen Wine Bar
1111-1117 Edgewater St NW, Salem, OR for sale Building Photo- Image 4 of 7
Former Old Zen Wine Bar
1111-1117 Edgewater St NW, Salem, OR for sale Building Photo- Image 5 of 7
Former Old Zen Wine Bar
1111-1117 Edgewater St NW, Salem, OR for sale Building Photo- Image 6 of 7
Former Old Zen Wine Bar

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© 2024 CoStar Group

1111-1117 Edgewater St NW
(503) 364-7400 x 2

1111-1117 Edgewater St NW

Ruth Dana

(503) 364-7400

x2

(503) 364-7400 x2

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