127-145 Penn Ave 4,732 SF 84% Leased Retail Building Salem, OH 44460 $441,431 CAD ($93.29 CAD/SF)

INVESTMENT HIGHLIGHTS

  • Investment Opportunity
  • Well maintained property
  • 2 apartments over 3 retail units

EXECUTIVE SUMMARY

Beautiful mixed use brick building in Downtown Salem, OH.
This property has been well cared for and has no deferred maintenance.
3 retail spaces on the street level and 2 long term residential tenants upstairs.
This building has parking on the street and is just steps away from the free public parking lot on East State St.
One retail space is available for lease.
This is a one of a kind building in Downtown Salem!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,732 SF
Building Class
B
Year Built
1960
Price
$441,431 CAD
Price Per SF
$93.29 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.27 AC
Parking
5 Spaces (1.06 Spaces per 1,000 SF Leased)
Frontage
86’ on Penn Ave

AMENITIES

  • 24 Hour Access
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,000 SF
  • Retail
  • End Cap
  • Now
Space Size Space Use Position Available
1st Floor 1,000 SF Retail End Cap Now

1st Floor

Size
1,000 SF
Space Use
Retail
Position
End Cap
Available
Now
Walk Score®
Very Walkable (77)

NEARBY MAJOR RETAILERS

Huntington National Bank
Quaker Steak & Lube
Chase Bank
KeyBank

PROPERTY TAXES

  • Listing ID: 35262288

  • Date on Market: 2025-03-26

  • Last Updated:

  • Address: 127-145 Penn Ave, Salem, OH 44460