Wilbur Warehouse

1215 Wilbur St SE Salem, OR 97302

1215 Wilbur St SE, Salem, OR, 97302
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FOR SALE
Property Type:
Factory
Amount:
$1,450,000
Last Verified:
Mar 27, 2025

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Highlights

  • -Fully occupied 8,280 SF industrial building
  • -Zoned IC
  • -$1,000,000+ Tenant Invested Improvements
  • -$200,000+ Tenant Invested Improvements being added 2025 3-phase 277V 600A power upgrade in 2015-2016
  • -3-phase 480V 400A addition for high-demand operations
  • -2018 flat roof replacement
  • -Plumbing upgrades in 2018 + Floor Drains
  • -Advanced security and sophisticated HVAC system
  • -Located in a flexible industrial-commercial hub with easy I-5 access.

Description

ully occupied 8,280 SF industrial building in Salem, zoned IC—built out for current tenant with significant improvements. Boasts a 3-phase 277V 600A power upgrade in 2015-2016 and a 3-phase 480V 400A addition, supporting high-demand operations. A 2018 flat roof replacement and plumbing upgrades. Long-term tenant, invested $1 million+ to date with additional $200K in cultivation infrastructure being added. Advanced security and a sophisticated HVAC system optimize this turnkey site and tenants success. Located in a flexible industrial-commercial hub with easy access to the I-5!

Located near major transportation arteries, this area offers convenient access to interstates, making it an ideal choice for industrial and manufacturing investors. The property is situated within close proximity to the bustling commercial hub of downtown Salem, offering a variety of businesses and services.


Year Built: 1959
Building Size: 8280sq ft
Lot Size: 0.28 acres

Map of 1215 Wilbur St 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.
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