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1220 12th St SE
Salem, OR 97302
Retail Property For Sale
Investment Highlights
- Lease is NNN structure
- Contact Brokers for annual rent information
- Current lease runs through April 30,2030 with (2) 5 year options
Executive Summary
Introducing an exceptional opportunity for Retail / Street Retail investors in Salem,
Oregon. This prime property features a 22,292 SF building, with a rich history dating
back to 1948 as the former Coke bottling facility. Zoned IC, offering versatile
possibilities for retail ventures. Currently enjoying 100% occupancy, this investment
promises immediate returns and ongoing potential in the thriving Salem area. With a
strategic location and solid tenant base, this property presents a secure and lucrative
investment opportunity for retail-focused investors looking to make their mark in
Salem's bustling commercial landscape.
Oregon. This prime property features a 22,292 SF building, with a rich history dating
back to 1948 as the former Coke bottling facility. Zoned IC, offering versatile
possibilities for retail ventures. Currently enjoying 100% occupancy, this investment
promises immediate returns and ongoing potential in the thriving Salem area. With a
strategic location and solid tenant base, this property presents a secure and lucrative
investment opportunity for retail-focused investors looking to make their mark in
Salem's bustling commercial landscape.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,708 SF
Building Class
B
Year Built
1948
Price
$3,458,725 CAD
Price Per SF
$152.31 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
IC - IC
Parking
25 Spaces (1.1 Spaces per 1,000 SF Leased)
Frontage
282’ on 13th St
Property Taxes
| Parcel Number | 596805 | Improvements Assessment | $675,863 CAD |
| Land Assessment | $1,275,495 CAD | Total Assessment | $1,951,357 CAD |
Property Taxes
Parcel Number
596805
Land Assessment
$1,275,495 CAD
Improvements Assessment
$675,863 CAD
Total Assessment
$1,951,357 CAD
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