3404-3410 Commercial St SE
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3404-3410 Commercial St SE
4,499 SF 100% Leased Retail Building Salem, OR 97302 $2,019,240 CAD ($449 CAD/SF) 7.24% Cap Rate
Executive Summary
Iconic location with great traffic counts! located in front of the bustling South Salem Fred Meyer, this fully leased property is now for sale as an investment property with 3 income streams, 2 long term tenants and a billboard. Great signage and visibility. Contact listing Broker for offering memorandum and details on proforma. Please do not disturb the tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,499 SF
Building Class
C
Year Built
1976
Price
$2,019,240 CAD
Price Per SF
$449 CAD
Cap Rate
7.24%
NOI
$146,193 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.39 AC
Zoning
CR
Parking
10 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
186 ft on Commercial St
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 591277 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $797,526 CAD |
PROPERTY TAXES
Parcel Number
591277
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$797,526 CAD
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3404-3410 Commercial St SE
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