1635-1645 12th Street SE, Salem, OR, 97302

1635-1645 12th Street SE Salem, OR 97302

1635-1645 12th Street SE, Salem, OR, 97302
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FOR SALE
Property Type:
Street Retail
Amount:
$499,999
Last Verified:
Jul 16, 2024

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Highlights

  • - Built in 1960, renovated in 2022
  • - Zoning allows retail and most office
  • - Parking for 15
  • - Plumbed for salon-type use

Description

Capture the potential of this impressive 1,751 SF Retail Commercial property in South Salem most recently used for both salon and chiropractic. Renovated in 2022, this prime building offers a revamped and modernized space ideal for retail investors seeking a turnkey opportunity. Boasting a prime location in the heart of Salem, this property is perfectly positioned for maximum visibility and customer flow. The property has over 15 parking spots combining onsite and street parking. Previous use was as a salon and wellness facility.

This location offers an exciting mix of retail opportunities and is ideally suited for a savvy investor seeking to capitalize on the bustling local market. Embrace the nearby attractions such as the historic downtown district, renowned for its eclectic mix of boutique shops and trendy eateries. The property benefits from its proximity to the thriving community and attractions such as the Riverfront Park, Salem Center, and State Capitol. With a perfect blend of commerce and culture, the area presents a prime opportunity for retail success.


Year Built: 1960
Building Size: 1751sq ft
Lot Size: 0.16 acres


Documents

1635-1645 12th St SE Brochure

Map of 1635-1645 12th Street SE, Salem, OR, 97302

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.