For Sale
$2,950,000

3545-3599 Portland RdSalem, OR 97301

Mixed-use retail & warehouse, 39,935 SF

Overview

Added:
Dec 11, 2024
Days on market:
117
Prime Salem location, this exceptional mixed-use investment property presents a compelling opportunity. Located in Salem's North Gateway Urban Renewal Area, this property encompasses two buildings totaling approximately 39,935 square feet on a 3.25-acre lot. The main building, offering roughly 20,445 square feet of retail and office space, features an additional 4,080 square feet of office space on the upper level, accessible by elevator. A separate warehouse building, totaling approximately 10,100 square feet, currently houses an indoor soccer facility and a pallet fabricator. Adding to the property's versatility is approximately 9,390 square feet of covered lean-to storage adjacent to the main building. The property also includes surplus land suitable for expansion, outdoor storage, or additional development, along with a tenant-occupied building pad. Built in 1956, this property is zoned IC and consists of two stories. The asking price is $2,950,000, translating to $73.87 per square foot. This presents a unique opportunity for owner-users or investors seeking a strong foothold in a thriving Salem market. The property is comprised of two tax parcels (APN 526078, 526082) and offers a diverse tenant base. This is an excellent opportunity for redevelopment or continued operation as a successful mixed-use property.

Highlights

  • $2,950,000 asking price for a 39,935 square foot mixed-use property.
  • Located in Salem, Oregon's North Gateway Urban Renewal Area, at 3545-3599 Portland Road NE.
  • Consists of two buildings totaling 39,935 square feet on a 3.25-acre lot with two tax parcels (APN 526078, 526082).
  • Features approximately 20,445 square feet of retail/office space, 10,100 square feet of warehouse space, and 9,390 square feet of covered storage.
  • Built in 1956, with two stories and IC zoning.
  • Includes approximately 4,080 square feet of office space on the upper level, accessible by elevator.

Property Details for 3545-3599 Portland Rd

Property type
Lifestyle centers, Power centers
Square Feet
39,935 SF
Year Built
1956
Buildings
2
Stories
2
Lot Size (sq. ft)
141,570 SF

Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.9719606
Longitude
-123.0048608
3545-3599 Portland Rd, Salem, Oregon

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3545-3599 Portland Rd
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