4335 Silverton RdSalem, OR 97305

Property Details for 4335 Silverton Rd

Year built

1940

Lot size

0.44 AC

Property size (Sq ft)

3,750 SF

Zone code

IGLU

Property type

Retail properties

APN

072W07DC01600

APU

072W07DC01600

Description

This exceptional commercial property at 4335 SILVERTON Rd, Unit 4335, Salem, OR, presents a lucrative investment opportunity. The 3,749 square foot building sits on a 0.44-acre lot and is currently operating as a thriving automotive repair shop. Its prime location boasts high traffic counts, ensuring consistent customer flow. The property's zoning is designated as IG. The building itself features a sizable and open shop area, perfect for automotive repair operations, complemented by dedicated office and storage spaces. Two large roll-up garage doors provide easy access for vehicles, while four vehicle lifts enhance operational efficiency. Security measures are in place, and the property includes a fenced yard for added security and storage. The asking price is $1,250,000. While the seller prefers a cash sale, owner financing may be considered for a qualified buyer. Prospective buyers are responsible for conducting their own due diligence regarding potential development possibilities with relevant governing bodies. Please note that disturbing the business, employees, or customers is strictly prohibited. Offers are to be submitted subject to inspection.

• CAP approach

  CAP return

  Valuation

  6%

  $1,012,716

  6.5%

  $934,815

  7%

  $868,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,488,413

  Geo Method

  $1,819,881

• Alternative Use

  Use

  Valuation

  Residential

  $788,552

  Hospitality

  $722,309

  Educational

  $600,953

  Medical

  $621,620

  Retail

  $934,815

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9702

Longitude

-122.976

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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