1695 Fairgrounds RdSalem, OR 97301

Property Details for 1695 Fairgrounds Rd

Year built

1948

Lot size

0.13 AC

Property size (Sq ft)

5,000 SF

Zone code

CR

Property type

Other commercial real estate

APN

073W23BA03000

APU

073W23BA03000

Description

This exceptional 5,000 square foot retail storefront, located at 1695 Fairgrounds Rd NE in Salem, Oregon, presents a unique investment opportunity. Built in 1948, this Class C property boasts three separate units, offering flexibility for various retail uses. The building features prominent frontage on Fairgrounds Road in a popular north Salem neighborhood, ensuring high visibility and accessibility. The net rentable area totals 3,500 square feet, providing ample space for tenants. The property is zoned CG and is offered at an asking price of $990,000. A triple net (NNN) lease structure is in place, making this a low-maintenance investment. The property's history as the Old Tucker Automotive Dealership adds to its character and potential appeal. Flexible contract sale terms are available, making this an attractive option for discerning investors. This is a rare chance to acquire a well-located, established retail property in a thriving Oregon market. The property's size and multiple unit configuration provide a strong foundation for long-term rental income and potential appreciation. Don't miss this chance to own a piece of Salem's history and secure a profitable retail investment. The zip code is 97301, and the property is situated in Marion County.

• Alternative Use

  Use

  Valuation

  Residential

  $1,051,402

  Hospitality

  $963,079

  Educational

  $801,270

  Medical

  $828,827

  Retail

  $1,246,420

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9541

Longitude

-123.025

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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