3380 Portland RdSalem, OR 97301

Property Details for 3380 Portland Rd

Year built

1950

Lot size

0.49 AC

Property size (Sq ft)

2,492 SF

Zone code

CR

Property type

Office buildings

APN

073W12CD08900

APU

073W12CD08900

Description

This exceptional commercial property, located at 3380 Portland Rd in Salem, Oregon, presents a unique investment opportunity. The property encompasses a total of 2,492 square feet and is classified as both office and land. Situated in Marion County, with a 97301 zip code, this property benefits from its convenient location in Salem. The precise nature of the land component is not specified, but its inclusion adds significant potential for future development or expansion. The existing office space offers 2,492 square feet of usable area, ideal for a variety of commercial ventures. The asking price for this combined office and land property is $950,000. Given the property's size, location, and dual-use potential, this represents a compelling investment opportunity in the thriving Salem market. The property's latitude and longitude coordinates are 44.9701684 and -123.0054426 respectively, allowing for easy location verification and mapping. This property is offered as a complete package, providing both immediate income potential from the existing office space and long-term growth potential through the included land. Serious inquiries are encouraged to explore this promising investment further. The property is currently listed without any units.

• CAP approach

  CAP return

  Valuation

  6%

  $457,812

  6.5%

  $422,596

  7%

  $392,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $392,500

  Geo Method

  $479,909

• Alternative Use

  Use

  Valuation

  Residential

  $524,019

  Hospitality

  $479,998

  Educational

  $399,353

  Medical

  $413,087

  Retail

  $621,216

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9701

Longitude

-123.005

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].