2755 Pence LoopSalem, OR 97302

Property Details for 2755 Pence Loop

Year built

1995

Lot size

1.36 AC

Property size (Sq ft)

18,162 SF

Zone code

IG

Property type

Office buildings

APN

073W35CD01700

APU

073W35CD01700

Description

This exceptional 18,162 square foot free-standing office building, located at 2755 Pence Loop SE in Salem, Oregon, presents a compelling investment opportunity. Built in 1995, this Class B property sits on a 1.36-acre lot and is zoned IG. The asking price is $3,250,000, translating to $178.95 per square foot. The building boasts a versatile layout, ideal for a variety of office uses. It features a blend of private offices, well-appointed conference rooms, a convenient breakroom, and a spacious open area offering flexibility for diverse business needs. Its strategic location in Salem, Oregon, places it within close proximity to several established businesses, including Pence Construction, Thomas Kay Flooring and Interiors, Salem Gymnastics, and Praxair Welding Gas and Supply Store. The property's APN is 570862. This is a for sale by owner listing. The building offers a unique blend of functionality and location, making it an attractive prospect for discerning investors seeking a well-established office space in a thriving commercial area. The property's flexible design and prime location make it a highly desirable asset in the Salem market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,336,591

  6.5%

  $3,079,930

  7%

  $2,859,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,860,589

  Geo Method

  $3,497,638

• Alternative Use

  Use

  Valuation

  Residential

  $3,819,113

  Hospitality

  $3,498,287

  Educational

  $2,910,534

  Medical

  $3,010,632

  Retail

  $4,527,497

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9129

Longitude

-123.023

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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