2720 Commercial StSalem, OR 97302

Property Details for 2720 Commercial St

Year built

2000

Lot size

0.73 AC

Property size (Sq ft)

18,015 SF

Zone code

CR

Property type

Healthcare properties

Property subtype

Medical offices

APN

073W34CD01900

APU

073W34CD01900

Description

Located at 2720 Commercial St SE, Salem, OR 97302, this exceptional Class A medical office building, Petra Plaza, offers 15,015 square feet of space in a prime location along a highly coveted commercial corridor. Built in 2000 and renovated in 2010, the two-story building features two suites, with one vacant suite available on each floor, ranging from 2,944 to 3,942 contiguous square feet. The property boasts modern construction, abundant parking, and easy ingress and egress. Fully ADA compliant and elevator-served, the building offers a highly usable floor plan, attracting both medical and conventional office users. The building is primarily powered by solar panels, appealing to environmentally conscious tenants. Current tenants include a national oncology clinic and a local IT firm. Leases are offered as full-service, base year. The 0.78-acre property is zoned MU-I and has a convenient location, served by Cherriots route 21 and surrounded by numerous amenities. The building's cross street is Waldo. The APN is 585442. This is a rare opportunity to secure high-quality medical office space in a thriving Salem, Oregon market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,309,585

  6.5%

  $3,055,002

  7%

  $2,836,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,837,436

  Geo Method

  $3,469,329

• Alternative Use

  Use

  Valuation

  Residential

  $3,788,202

  Hospitality

  $3,469,972

  Educational

  $2,886,976

  Medical

  $2,986,264

  Retail

  $4,490,852

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9143

Longitude

-123.045

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].