515 12th St SE | Salem, OR 97301
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- LoopNet Team
515 12th St SE
Salem, OR 97301
Turnkey Brewery & Prime Development Land · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Three contiguous parcels offering 75,461 SF of development land and a 9,297-SF building on a hard corner within Salem’s Central Avenue neighborhood.
- Massive built-in audience from adjacent Willamette University (3,200 students/staff) and the Salem Health Clinic and Hospital Campus (502 beds).
- Hard-corner location reachable in five mins from I-5, and walkable to Amtrak and Coast Starlight rail lines, with visibility to 21K daily vehicles.
- Existing brewery/restaurant with spacious dining areas, a large kitchen, and a brewery space with brew kettles, fermentation tanks, and storage tanks.
- Flexible zoning allows for pharmacies, retailers, QSRs, student or multifamily housing communities, hotels, or service-oriented businesses.
- Walkable to the State Capitol, beautiful public parks and museums, and numerous shops, restaurants, and art galleries, drawing strong foot traffic.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,297 SF
Building Class
C
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.73 AC
Parcel Numbers
Zoning
CR, CO, & CG
Parking
101 Spaces (10.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
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