For Sale
$430,000

2903 Center StSalem, OR 97301

High-traffic location, RM2 zoning, redevelopment potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 720 sq ft commercial property, located at 2903 Center St NE in Salem, Oregon, presents a prime investment opportunity. Situated on a 0.18-acre lot, this single-story, 1947-built building currently operates as an auto shop and benefits from high daily traffic counts exceeding 19,500 vehicles, according to 2022-23 City of Salem traffic studies. The property's RM2 zoning allows for a variety of uses, making it ideal for both owner-occupancy and redevelopment. Its convenient location on the Center St corridor offers easy access to I-5 via Market St and is a quarter-mile west of Lancaster Drive. The property's proximity to the State Hospital and a new housing/apartment development further enhances its appeal. The current tenant plans to vacate before closing. The APN is 569097. This is a fantastic opportunity for an investor seeking a strong return in a high-growth area. Buyer to conduct due diligence. Asking price is $430,000.

Highlights

  • $430,000 asking price.
  • 720 square foot building on a 0.18-acre lot.
  • Located at 2903 Center St NE, Salem, OR 97301 (APN 569097).
  • RM2 zoning.
  • High traffic count (20,000+ cars daily).

Property Details for 2903 Center St

Property type
Specialty properties, Retail properties
Square Feet
720 SF
Year Built
1947
Buildings
1
Stories
1
Lot Size (sq. ft)
7,841 SF
Units
1

Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.9400663
Longitude
-122.9996731
2903 Center St, Salem, Oregon

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2903 Center St
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