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Listed by Berkshire Hathaway HomeServices Real Estate Professionals
$485,000
Est. payment /mo
325 SqFt
New
3912 Commercial ST SE Salem, OR 97302
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 325 sqft
Price per Sqft $1,492
MLS Listing ID 703715454
Year Built 2006
Annual Tax Amount $6,159
Tax Year 2025
Lot Size 0.440 Acres
Property Sub-Type Commercial
Property Description
Do Not Disturb Tenant, Customers, or Employees. Appointment Required for All Viewings. Offered for the first time in 34 years, this 0.44 acre two parcel package presents a rare opportunity with existing rental income and future development potential. The property includes approximately 0.45 acres zoned Mixed Use III. The existing tenant has a land lease. The rear portion of this parcel remains undeveloped.With approximately 70 feet of frontage on Commercial Street, the property offers excellent visibility and access. Located among a strong mix of established local and national businesses including Starbucks, Napa Auto Parts, Windjammers, Panda Express, Chipotle, Bo and Vine, Wells Fargo Bank, The Shutterbug, Dairy Queen, and McDonalds. Mixed Use III zoning allows for a variety of permitted uses including multifamily apartments, short term lodging, eating and drinking establishments, office or laboratory space, fuel stations, day care, governmental services, and other similar uses. Buyer to complete their own due diligence regarding zoning, permitted uses, and development potential.
Location
State OR
County Marion
Area _173
Zoning MU-3
Interior
Heating None
Exterior
View City
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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