3545-3599 Portland RdSalem, OR 97301

Property Details for 3545-3599 Portland Rd

Year built

1956

Lot size

3.25 AC

Property size (Sq ft)

39,935 SF

Property type

Industrial properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.972

Longitude

-123.005

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