4825 Commercial St SE Salem, OR 97302

ACTIVE

$11,900,000

Market Estimate

Request Info

55,472 sq. ft.
3.79 Acres
Commercial
MLS# 791808

Listing provided courtesy of: COLDWELL BNKR/COMMERCIAL DIV

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Property Details

Description

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.

General Features
- Type Retail
- Status Note ACTIVE
- County Marion
Building Features
- Approx Bldg Sqft 55472
Property Features
- Acres 3.79
- Approx Lot Sqft 165092
- New Construction No
- Number of Parking Spaces 398

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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* This payment calculator is intended for educational and planning purposes only.
** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

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.