2927 Broadway StSalem, OR 97303
- Retail properties
- 28,645 SF
Property Details for 2927 Broadway St
- Year built
- 2001
- Lot size
- 2.21 AC
- Property size (Sq ft)
- 28,645 SF
- Zone code
- CR
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 073W14BB08300
- APU
- 073W14BB08300
Description
Chelsica Plaza, located at 2927 Broadway St NE, Salem, OR 97303, presents a fantastic retail opportunity. This single-story, Class B commercial building boasts a total of 28,645 square feet, divided into 30 suites. Currently, 1,357 square feet of retail space is available, ideal for a variety of businesses. The property sits on a 2.21-acre lot and is conveniently located near the intersection of Broadway St NE and Martin Luther King JR Blvd, offering excellent visibility and accessibility. The center enjoys a high-traffic location, easily accessible from Salem Parkway and close to downtown Salem. Strong co-tenancy includes established businesses such as Dollar Tree, Sally Beauty, H&R Block, and Love Love Teriyaki, ensuring a vibrant and busy retail environment. Nearby businesses include Jack in the Box, Les Schwab, McDonald's, Key Bank, and several new car dealerships, further enhancing the area's commercial appeal. The available space features an ADA-compliant restroom, a private office, and a back storage/break room area with water access. The property is zoned CR. This is an exceptional opportunity to establish or expand your retail presence in a thriving Salem location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,735,804
- 6.5%
- $7,140,742
- 7%
- $6,630,689
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,369,494
- Geo Method
- $13,901,464
-
Alternative Use
- Use
- Valuation
- Residential
- $6,023,483
- Hospitality
- $5,517,478
- Educational
- $4,590,477
- Medical
- $4,748,350
- Retail
- $7,140,742
Location Insight
- City
- Salem
- County
- Marion
- State
- Oregon
- Latitude
- 44.9698
- Longitude
- -123.03
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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