Retail Investment Opportunity
201 Commercial Street Northeast
Salem, OR 97301
Highlights
- 7.02% Cap Rate (NOI 217,603)
- Long Term Tenants with Long Term Leases in Place
- Anchor Tenant under Market Rates
- 12,655 SF Historic Building
- 5 Units with Basement
- 100% Occupancy, Ensuring Immediate Returns
- Prime Corner Lot in Thriving Downtown Salem
- Built in 1898 with Charm and Character
- Zoned CB for Versatile Commercial Use
- High Visibility, High Traffic Location
Description
Introducing an exceptional investment opportunity in the heart of Salem, Oregon. This historic 12,655 SF building, constructed in 1898 and featuring 5 units with basement storage, presents an enticing prospect for street retail investors. Zoned CB and boasting a coveted 100% occupancy rate, this property offers stability with long term tenants in place with long term leases. With a prime location in the Salem area, situated on the corner lot of Commercial St and Court Street in NE Salem, this property is well positioned to attract a wide range of customers and businesses. Don't miss the chance to add this thriving asset to your portfolio.
Ideally positioned on the corner of Court and Commercial Street in the heart of downtown Salem, one block each of Salem's Riverfront Park.
