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2390 Fairgrounds Rd NE
Salem, OR 97301
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Built in 1928
- 100% occupancy
- Zoned MU1
EXECUTIVE SUMMARY
Investment Opportunity! Recently renovated building with vaulted ceilings and an open
concept. Currently leased to a marajunia retailer through August 31, 2026 with two (2)
Five (5) year options. Lease is NNN, Landlord is currently grossing $49,200 in annual
rent. Tenant has stated they are willing to extend for another 5 year term.
Conveniently situated just a short distance from Interstate 5, the property offers easy
access to regional transportation routes, facilitating seamless connectivity for
commuters and visitors. Additionally, the property is only a few minutes away from
downtown Salem, ensuring proximity to the city's bustling commercial and cultural hub.
concept. Currently leased to a marajunia retailer through August 31, 2026 with two (2)
Five (5) year options. Lease is NNN, Landlord is currently grossing $49,200 in annual
rent. Tenant has stated they are willing to extend for another 5 year term.
Conveniently situated just a short distance from Interstate 5, the property offers easy
access to regional transportation routes, facilitating seamless connectivity for
commuters and visitors. Additionally, the property is only a few minutes away from
downtown Salem, ensuring proximity to the city's bustling commercial and cultural hub.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 4,068 SF |
| Cap Rate | 7.29% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1928/2020 |
| Property Subtype | Service | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.36 AC | ||
| Zoning | MU1 | ||
| Sale Type | Investment |
| Cap Rate | 7.29% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.36 AC |
| Rentable Building Area | 4,068 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1928/2020 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | MU1 |
AMENITIES
- Bus Line
- Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 582469 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $330,345 CAD |
PROPERTY TAXES
Parcel Number
582469
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$330,345 CAD
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