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3404-3410 Commercial St SE

4,499 SF 100% Leased Retail Building Salem, OR 97302 £1,112,286 (£247/SF) 7.24% Net Initial Yield

Executive Summary

Iconic location with great traffic counts! located in front of the bustling South Salem Fred Meyer, this fully leased property is now for sale as an investment property with 3 income streams, 2 long term tenants and a billboard. Great signage and visibility. Contact listing Broker for offering memorandum and details on proforma. Please do not disturb the tenants.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,499 SF
Building Class
C
Year Built
1976
Price
£1,112,286
Price Per SF
£247
Net Initial Yield
7.24%
NOI
£80,530
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Lot Size
0.39 AC
Zoning
CR
Parking
10 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
186 ft on Commercial St

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (78)
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.®

Nearby Major Retailers

Starbucks
Fred Meyer
Umpqua Bank
Five Guys
Chase Bank
U.S. Bank
Dutch Bros
Grocery Outlet
Natural Grocers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
591277
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£441,059
  • Listing ID: 34172776

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 3404-3410 Commercial St SE, Salem, OR 97302

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