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2793-2797 12th St SE
Salem, OR 97302
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- $136.00/ SF
- Frontage on hard corner.
EXECUTIVE SUMMARY
The property is currently vacant and ready for remodel. Highest and best use is local neighborhood food service or pivot to personal services such as chiropractic, hair, medi-spa. The building was formerly a convenient store and pub. The City of Salem royally screwed up this property when they decided without civic approval to install a right turn lane at the intersecting street and cutting off a major portion of the driveway access. The property was bought by the city and retraded below market. The current owner has since done the required parking lot and landscape improvements as part of the purchase agreement with the City several years ago. Today the property is ready for an interior refresh and reduction of footprint to improve circulation.
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,401 SF
Building Class
C
Year Built
1967
Price
$829,561 CAD
Price Per SF
$188.49 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.21 AC
Zoning
CR - Commercial retail
Parking
14 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
163’ on 12th St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 582702 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $287,313 CAD |
PROPERTY TAXES
Parcel Number
582702
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$287,313 CAD
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