4825 Commercial St SE $11,900,000

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    4825 Commercial St SE Salem, OR 97302

    • 55,472 sq. ft.
    • 3.79 Acres
    • Commercial
    • MLS# 791808
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    Views: 21 Days On Site: 57

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    Property Details

    Tox Lots: 592415, 592429, 592430Established and well-located multi-tenant investment property in Salem, Oregon. This 100% leased retail property includes 55,472 SF of building space. Current tenants are the Oregon Department of Motor Vehicles, Judy's Appliances, Physiq Fitness gym and Mega Markdowns retail store; all on long term (5-10yr) leases. This property is an investment opportunity located within a retail complex which includes 3 buildings who share 398 parking spaces under a parking agreement.

    • American Home Shield - Be sure with the Shield.

    Neighborhood

    97302 (Salem) Demographics

    41 Median Age
    1,652 Population Density (per sq. mile)
    50% College Educated
    $67,270 Estimated Median Income
    10,033 Estimated Total Home Owners
    6,988 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    40,113 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $447,722 Median Sales Price
    76 Homes Sold
    138 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $11,900,000
        6/7/2022 11:58:17 AM Price Reduced Source: Multiple Listing Service New Value: $11,900,000 -7.75%
        4/29/2022 9:13:00 AM New in Database Source: Multiple Listing Service New Value: $12,900,000

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        MLS Logo Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.