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3545 Portland Rd NE
Salem, OR 97301
A · Retail Property For Sale
Executive Summary
Plaza Del Sol is located on Portland Rd NE in the City of Salem’s North Gateway Urban Renewal Area. This two-building property sits on approximately 3.25 acres on two tax parcels and totals approximately 39,935 SF, which is comprised of ˜20,445 SF of retail/office space in the main building, ˜10,100 SF of warehouse space in a separate warehouse building, and approximately 9,390 of covered lean-to storage area adjacent to the main building. The upper level of the main building (served by an elevator) has approximately 4,080 SF of office space. The main building is home to an array of local businesses with diverse uses and the warehouse building is comprised of two suites leased to an indoor soccer facility and a pallet fabricator. The property contains surplus land which is poised for additional improvements or outdoor storage as well as an tenant-occupied building pad.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,935 SF
Building Class
C
Year Built
1956
Price
$3,398,750 CAD
Price Per SF
$85.11 CAD
Cap Rate
9%
NOI
$305,888 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
3.40 AC
Zoning
IC
Parking
63 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
196’ on Portland Rd Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 526078 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,816,292 CAD |
Property Taxes
Parcel Number
526078
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,816,292 CAD
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