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2425 25th St SE 15,000 SF 100% Leased Retail Building Salem, OR 97302 $3,912,245 CAD ($260.82 CAD/SF)
Investment Highlights
- Located within a designated Opportunity Zone
- Demised for two primary interior tenants
- Positioned on a prominent corner in Southeast Salem
Executive Summary
We are pleased to present 2425 25th Street SE, a 15,000-square-foot multi-tenant retail/flex building situated on a highly visible 1.25 acre corner lot in Salem, Oregon. Located at the signalized intersection of 25th Street SE and McGilchrist Street SE, the property offers exceptional exposure in a densely trafficked industrial and commercial corridor just minutes from the Salem Municipal Airport and I-5.
Qualified Opportunity Zone: Located within a designated Opportunity Zone, offering potential buyers significant federal tax advantages, including capital gains deferral and reduction for long-term holds.
Strategic Location: Positioned on a prominent corner in Southeast Salem, the site benefits from strong daily traffic counts, easy access to major regional arterials, and proximity to Salem’s industrial sectors.
Flexible Footprint: The versatile flex-shell construction allows the building to be easily adapted for standard light industrial, showroom, or continued retail/entertainment uses, catering to a broad pool of prospective tenants.
Current Configuration: Demised for two primary interior tenants (a brewery and a restaurant/arcade) with high-value infrastructure including commercial kitchen build-outs, roll-up doors, and heavy power, plus a dedicated pad for a food truck operator.
Qualified Opportunity Zone: Located within a designated Opportunity Zone, offering potential buyers significant federal tax advantages, including capital gains deferral and reduction for long-term holds.
Strategic Location: Positioned on a prominent corner in Southeast Salem, the site benefits from strong daily traffic counts, easy access to major regional arterials, and proximity to Salem’s industrial sectors.
Flexible Footprint: The versatile flex-shell construction allows the building to be easily adapted for standard light industrial, showroom, or continued retail/entertainment uses, catering to a broad pool of prospective tenants.
Current Configuration: Demised for two primary interior tenants (a brewery and a restaurant/arcade) with high-value infrastructure including commercial kitchen build-outs, roll-up doors, and heavy power, plus a dedicated pad for a food truck operator.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
B
Year Built
1977
Price
$3,912,245 CAD
Price Per SF
$260.82 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.31 AC
Opportunity Zone
Yes
Zoning
IC - Industrial Commercial
Parking
20 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
282’ on Mcgilchrist St
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- iWingz
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| iWingz | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 582575 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,779,253 CAD |
Property Taxes
Parcel Number
582575
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,779,253 CAD
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2425 25th St SE
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