1431 Liberty StSalem, OR 97302

Property Details for 1431 Liberty St

Year built

1973

Lot size

0.56 AC

Property size (Sq ft)

10,327 SF

Zone code

CO

Property type

Office buildings

APN

073W27CD04600

APU

073W27CD04600

Description

This exceptional office property, located at 1431-1449 Liberty St SE in Salem, Oregon, offers 11,322 square feet of versatile space ideal for executive or creative office uses. The building, constructed in 1973, features a two-story design and sits on a 0.56-acre lot. Currently, 8,000 square feet are available for lease, divisible into spaces ranging from 3,000 to 8,000 contiguous square feet. The property is zoned CO Commercial Office (APN: R79535) and is situated in Salem's desirable Commercial/Liberty Corridor, providing excellent visibility and accessibility. Ample parking is available on the west side of the building. This is a single-tenant building with multiple suites. The building's owner covers water, sewer, garbage disposal, real property taxes, and property insurance. The property presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving area of Salem, Marion County, Oregon (Zip code 97302). Interested parties should note that the minimum leasable space is 3,000 square feet, with a maximum contiguous space of 8,000 square feet available. Please refrain from disturbing existing tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,897,202

  6.5%

  $1,751,263

  7%

  $1,626,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,626,544

  Geo Method

  $1,988,774

• Alternative Use

  Use

  Valuation

  Residential

  $2,171,566

  Hospitality

  $1,989,143

  Educational

  $1,654,943

  Medical

  $1,711,860

  Retail

  $2,574,356

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9267

Longitude

-123.043

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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