1255 Lee StSalem, OR 97302

Property Details for 1255 Lee St

Year built

2005

Lot size

1.20 AC

Property size (Sq ft)

23,729 SF

Zone code

CO; CG

Property type

Office buildings

APN

073W26CC14100

APU

073W26CC14100

Description

This exceptional 3,278 square foot creative office space is situated in a desirable Salem, Oregon location at 1255 Lee Street SE, on the corner of 12th and Lee Streets. Built in 2005, this single-tenant space within a larger building (totaling 23,729 square feet) is zoned for commercial office use and offers a fantastic layout ideal for a variety of professional businesses. The space boasts high ceilings and a well-designed configuration including three executive offices, five private offices, and ample open workspace to accommodate a growing team. A convenient break room is included, along with shared restrooms with a neighboring tenant. The building features a spacious common lobby and waiting area at the main entrance, providing a professional and welcoming atmosphere for clients and employees. This property is located in Marion County, Oregon, with easy access to major transportation routes and amenities. The property is ready for immediate occupancy. The address is 1255 Lee St SE, Salem, OR 97302.

• CAP approach

  CAP return

  Valuation

  6%

  $4,359,320

  6.5%

  $4,023,987

  7%

  $3,736,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,737,414

  Geo Method

  $4,569,731

• Alternative Use

  Use

  Valuation

  Residential

  $4,989,744

  Hospitality

  $4,570,579

  Educational

  $3,802,668

  Medical

  $3,933,448

  Retail

  $5,915,262

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9292

Longitude

-123.03

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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