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1890 Capitol St NE
Salem, OR 97301
Retail Property For Sale
Investment Highlights
- Excellent visibility and flexibility
- Large open retail and lobby area, two offices or storage and supply rooms, bathroom, and break room
- Existing furniture, fixtures, security system, large safes, display cases, and other dispensary equipment are negotiable
- 1,440 square foot commercial building on a 0.15 acre corner lot
- Six onsite parking spaces plus adjacent street parking provide convenient access
- Existing cannabis retail license is also negotiable and subject to buyer qualification, regulatory requirements, and applicable approvals
Executive Summary
Excellent visibility and flexibility at 1890 Capitol St NE in Salem. This 1,440 square foot commercial building sits on a 0.15 acre corner lot and features a large open retail and lobby area, two offices or storage and supply rooms, bathroom, and break room. Six onsite parking spaces plus adjacent street parking provide convenient access. Brick and shingle siding, prominent signage, and a high visibility Capitol Street location add to the property's appeal. City of Salem traffic data from 2015 reported more than 12,000 vehicles passing daily. Located adjacent to Salem Clinic. Previously operated as a cannabis dispensary, the property offers the opportunity to continue a similar use or transition to another permitted commercial use. Potential uses include eating and drinking establishments, office, laboratory and research, daycare, neighborhood convenience store, and other commercial uses. Existing furniture, fixtures, security system, large safes, display cases, and other dispensary equipment are negotiable, creating the potential for a turnkey operation. Existing cannabis retail license is also negotiable and subject to buyer qualification, regulatory requirements, and applicable approvals.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,440 SF
Building Class
C
Year Built
1973
Price
$846,531 CAD
Price Per SF
$587.87 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
CR - Retail Commercial Zoning.
Parking
6 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Security System
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 577395 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $216,783 CAD |
Property Taxes
Parcel Number
577395
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$216,783 CAD
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