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Commercial Street Retail 960-990 Commercial St SE
2,253 - 9,303 SF of Retail Space Available in Salem, OR 97302
Highlights
- High Visibility Location
- Front Retail, Warehouse Space, Multiple Rooms
- $5,000 Matched Tenant Improvement
- Close to Downtown Salem
- Private and Street Parking
Space Availability (3)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 4,650 SF | Negotiable | £11.85 /SF/PA £0.99 /SF/MO £127.55 /m²/PA £10.63 /m²/MO £55,103 /PA £4,592 /MO | Modified Gross | ||
| 1st Floor, Ste 970 | 2,400 SF | Negotiable | £11.85 /SF/PA £0.99 /SF/MO £127.55 /m²/PA £10.63 /m²/MO £28,440 /PA £2,370 /MO | Modified Gross | ||
| 1st Floor, Ste 980 | 2,253 SF | Negotiable | £11.85 /SF/PA £0.99 /SF/MO £127.55 /m²/PA £10.63 /m²/MO £26,698 /PA £2,225 /MO | Modified Gross |
1st Floor
4,650 SF of space with Commercial Street exposure. Front retail, back warehouse space, multiple private rooms.
- Listed rate may not include certain utilities, building services and property expenses
1st Floor, Ste 970
Large front retail area with back warehouse with roll up door and storage room. Can be combined with neighboring suite for additional square footage needs
- Listed rate may not include certain utilities, building services and property expenses
1st Floor, Ste 980
Large front retail area, multiple rooms, and back storage area. Can be combined with neighboring suite for additional square footage needs.
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Commercial Street Retail
- Tenant
- Description
- US Locations
- Reach
- Archive Northwest
- Restaurant
- 1
- -
- Salem Friends Of Felines
- Animal Care/Groom
- 1
- -
| Tenant | Description | US Locations | Reach |
| Archive Northwest | Restaurant | 1 | - |
| Salem Friends Of Felines | Animal Care/Groom | 1 | - |
PROPERTY FACTS FOR 960-990 Commercial St SE , Salem, OR 97302
| Property Type | Retail | Year Built | 1946 |
| Property Subtype | Storefront | Parking Ratio | 1.02/1,000 SF |
| Gross Internal Area | 14,723 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 14,723 SF |
| Year Built | 1946 |
| Parking Ratio | 1.02/1,000 SF |
About the Property
Two Retail spaces available on highly visible location! 970 & 980 Commercial are located on a busy commuter thoroughfare just south of Salem's Central Business District, 2 blocks from the Willamette River and Bush Pasture Park. With a mix of retailers and restaurants nearby, this location provides fantastic exposure to retail users looking to connect with 28,500 average daily commuters on Commercial St, and 29,000 daily commuters on Liberty St. Spaces can be combined for additional SF needs with a matched tenant improvement of up to $5,000 per space. Private and street parking available. This location is close to downtown, with easy access to Highway 22 and a clear path to I-5 from Mission Street.
- Signage
-
AJ Nash -
Paula Moseley -
Rich Karlson -
Tradition Real Estate Partners
Presented by
Commercial Street Retail | 960-990 Commercial St SE
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