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920 Commercial St SE 9,032 SF 100% Leased Retail Building Salem, OR 97302 $1,731,413 CAD ($191.70 CAD/SF)
Executive Summary
Excellent South Salem location, formerly the Old Spaghetti Warehouse, with traffic counts exceeding 28,000 vehicles per day, strong retail exposure and visibility. The property includes two tax lots, one of which is a private parking lot with twenty-three spaces. The building is comprised of three suites, including a newly refreshed two-level retail suite with Commercial Street frontage and access. A second suite, with high ceilings and an open floor plan, is occupied by an athletic facility and accessible directly from the parking lot. A 3,000 SF warehouse space with alley access on the east side of the building adds further storage or flexible use potential.
The building is at 100% occupancy, with all tenants on month-to-month leases, giving a buyer flexibility to reposition the property or occupy as an owner-user.
The building is at 100% occupancy, with all tenants on month-to-month leases, giving a buyer flexibility to reposition the property or occupy as an owner-user.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,032 SF
Building Class
C
Year Built
1910
Price
$1,731,413 CAD
Price Per SF
$191.70 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.19 AC
Zoning
MU-I
Parking
23 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
64’ on Commercial St SE
Amenities
- Bus Line
- Signage
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 579449 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $685,369 CAD |
Property Taxes
Parcel Number
579449
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$685,369 CAD
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920 Commercial St SE
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