Vacant-User

Portland Road Retail

Listing Price: $900,000

Gross SF
5,680
Rentable SF
5,680
Price/Gross SF
$158.45
Lot Size
0.71 acres
Year Built
1955

Investment Overview

Marcus & Millichap, as the exclusive advisor, is pleased to present the opportunity to acquire 3260 Portland Road Southeast in Salem, Oregon. The subject property is a well-maintained wood construction retail building on a busy arterial road. The property is located across the street from a Goodwill, with a large apartment complex behind it, neighborhoods nearby, and a newly constructed 95-unit apartment complex on the adjacent lot.
The building, approximately 5,680 square feet on a 1.03 acre lot, is zoned Commercial Retail. Commercial Retail zoning allows for a flexible variety of uses including eating and drinking establishments, office space, hotels, stores and services, among many other uses. The current owner has maintained the building meticulously. A new roof was installed in 2011, HVAC in 2012, and a Fire Suppression System in 2013. The owner recently installed a new beer cooler, electrical, bathroom and plumbing, as well as resealed and painted the parking lot.

This is a unique opportunity to acquire a flexible, well built asset in a high volume location.

Investment Highlights

  • Located on an Arterial Road with Average Daily Traffic of 16,500 Vehicles
  • 5,680 Square Foot Building on a 1.03 Acre Lot
  • 95-Unit New Construction Apartment Complex on Adjacent Lot
  • Located a Block and a Half from the Portland at Lana Bus Station
  • Flexible Commercial Retail Zoning Allows for a Variety of Uses

Exclusively Listed By

Financing By

Listing Price: $900,000

Gross SF
5,680
Rentable SF
5,680
Price/Gross SF
$158.45
Lot Size
0.71 acres
Year Built
1955

Investment Highlights

  • Located on an Arterial Road with Average Daily Traffic of 16,500 Vehicles
  • 5,680 Square Foot Building on a 1.03 Acre Lot
  • 95-Unit New Construction Apartment Complex on Adjacent Lot
  • Located a Block and a Half from the Portland at Lana Bus Station
  • Flexible Commercial Retail Zoning Allows for a Variety of Uses

Investment Overview

Marcus & Millichap, as the exclusive advisor, is pleased to present the opportunity to acquire 3260 Portland Road Southeast in Salem, Oregon. The subject property is a well-maintained wood construction retail building on a busy arterial road. The property is located across the street from a Goodwill, with a large apartment complex behind it, neighborhoods nearby, and a newly constructed 95-unit apartment complex on the adjacent lot.
The building, approximately 5,680 square feet on a 1.03 acre lot, is zoned Commercial Retail. Commercial Retail zoning allows for a flexible variety of uses including eating and drinking establishments, office space, hotels, stores and services, among many other uses. The current owner has maintained the building meticulously. A new roof was installed in 2011, HVAC in 2012, and a Fire Suppression System in 2013. The owner recently installed a new beer cooler, electrical, bathroom and plumbing, as well as resealed and painted the parking lot.

This is a unique opportunity to acquire a flexible, well built asset in a high volume location.

Exclusively Listed By

Financing By

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