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Freestanding Flex / Retail Building 1012 Commercial St NE 14,279 SF of Retail Space Available in Salem, OR 97301
HIGHLIGHTS
- 14,279 SF Flex/Retail Building
- Robust Infrastructure with 3-Phase Power
- Private Lot with Overflow Capacity
- High Traffic Corridor with Street Frontage
- Multiple Points of Entry for Flexible Use
- Landlord Will Consider Demising Warehouse/Office/Showroom
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,279 SF | Negotiable | $12.46 CAD/SF/YR $1.04 CAD/SF/MO $177,923 CAD/YR $14,827 CAD/MO | Triple Net (NNN) |
1st Floor
This is a rare opportunity to lease a high-exposure, mixed-use industrial building with flexible configurations to accommodate retail, service, showroom, or warehouse/distribution uses in a strategic urban core location. Formerly Advanced Auto Parts, this property is ideal for automotive, mechanical, distribution, or a variety of other business uses thanks to its flexible layout and excellent location. Main level includes two storefront retail / showroom spaces and a warehouse area with concrete flooring, an 8'x10.1' roll up door, and an 8'x10' slider split for seamless loading and deliveries. The second floor features built-out office space, a large break room, and two restrooms, providing functional separation for administration and operations. Demise options available.
- Lease rate does not include utilities, property expenses or building services
- 3-Phase Power
- High Visibility Corridor with Street Frontage
- Private Lot with 22 Dedicated Spaces + Overflow
- Multiple Entry Points for Flexible Use
- MU-I Zoning Supports Commercial & Industrial Uses
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 broker 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.
PROPERTY FACTS
| Total Space Available | 14,279 SF | Gross Leasable Area | 14,279 SF |
| Property Type | Retail | Year Built | 1964 |
| Property Subtype | Freestanding | Parking Ratio | 1.54/1,000 SF |
| Total Space Available | 14,279 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 14,279 SF |
| Year Built | 1964 |
| Parking Ratio | 1.54/1,000 SF |
ABOUT THE PROPERTY
Positioned along one of Salem’s highest-traffic corridors, with over 50,000 VPD, this 14,279SF industrial retail property offers exceptional street visibility and access just 2 miles north of downtown. Zoned MU-I (Mixed Use-Industrial), formerly Advanced Auto Parts, this property is ideal for automotive, mechanical, distribution, or a variety of other business uses thanks to its flexible layout and excellent location. The site supports a wide range of commercial, retail, and light industrial uses. This is a rare opportunity to lease a high-exposure, mixed-use industrial building with flexible configurations to accommodate retail, service, showroom, or warehouse/distribution uses in a strategic urban core location. This location offers plentiful private parking with 22 dedicated spaces, and additional overflow parking available. Landlord will consider demising, warehouse, retail/office and showroom.
- Pylon Sign
NEARBY MAJOR RETAILERS
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Freestanding Flex / Retail Building | 1012 Commercial St NE
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