5775 Commercial StSalem, OR 97306

Property Details for 5775 Commercial St

Lot size

2.92 AC

Zone code

CR

Property type

Retail space

APN

083W14CD00700

APU

083W14CD00700

Description

Anthony's Corner @ Wiltsey, located at 5775 Commercial St SE in Salem, Oregon, presents a remarkable opportunity for businesses seeking Class A retail, office, or restaurant space. This four-story, 84,480 square foot neighborhood center, built in 2023, boasts five suites with flexible layouts ranging from 1,271 to 3,203 contiguous square feet. Currently, 9,807 square feet are available, including one 3,203 square foot space ideal for a restaurant and other spaces ranging from 1,080 to 1,584 square feet. The property sits on a 2.93-acre lot (127,459 square feet) and is zoned CR. Building amenities include elevators. This development is uniquely situated within a vibrant community and includes 71 upscale apartment homes with separate secure parking and access, ensuring high foot traffic and visibility. The landlord is open to collaborating on build-out and interior improvements, making this an exceptional opportunity for businesses seeking a turnkey solution. Construction was completed in 2023. This is an exceptional opportunity for businesses seeking a turnkey solution in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,940,900

  6.5%

  $23,945,500

  7%

  $22,235,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,835,100

  Geo Method

  $25,475,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $45,811,600

  Mixed-Use / Specialty

  $24,217,500

  Hospitality / Lodging

  $18,232,900

  Office

  $24,445,800

  Institutional / Educational

  $25,304,100

  Residential Income

  $29,605,800

  Multifamily

  $33,526,400

  Automotive / Energy

  $21,689,300

  Parking / Income-Based Land

  $7,131,620

  Restaurant / Food Service

  $13,358,400

  Healthcare / Senior Housing

  $24,468,100

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.87

Longitude

-123.024

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].