3130 Portland RdSalem, OR 97302

Property Details for 3130 Portland Rd

Year built

1995

Lot size

0.35 AC

Property size (Sq ft)

3,756 SF

Zone code

CG

Property type

Automotive properties

APN

073W13BB03400

APU

073W13BB03400

Description

This exceptional 52,590 square foot warehouse property, located at 3130 Portland Rd NE in Salem, Oregon, presents a unique investment opportunity. Built in 1995, the property boasts a highly desirable location, offering excellent visibility from Portland Road and convenient access to Interstate 5, just 1.3 miles away. The Commercial General (CG) zoning allows for a wide range of commercial uses, including but not limited to: the sale of commodities, service businesses, repair facilities, automotive sales and services, office spaces, and general wholesale operations. This flexibility makes it an ideal investment for diverse business ventures. The property is being offered at $750,000, and the seller is open to exploring seller financing options or lease arrangements, providing potential buyers with increased flexibility and accessibility. This prime location and versatile zoning make this warehouse a compelling investment prospect in the thriving Salem market. The property is situated in Marion County, Oregon, with a zip code of 97302. This presents a rare opportunity to acquire a substantial warehouse property with significant potential for growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,014,337

  6.5%

  $936,311

  7%

  $869,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,490,795

  Geo Method

  $1,822,793

• Alternative Use

  Use

  Valuation

  Residential

  $789,813

  Hospitality

  $723,465

  Educational

  $601,914

  Medical

  $622,615

  Retail

  $936,311

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.967

Longitude

-123.008

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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