1800 State StSalem, OR 97301

Property Details for 1800 State St

Year built

1900

Lot size

0.13 AC

Property size (Sq ft)

2,784 SF

Zone code

MUII

Property type

Medical offices

Property subtype

Medical space

APN

073W26AC12300

APU

073W26AC12300

Description

This exceptional 2,745 sq ft Class B medical office building, situated on a 0.13-acre lot in Marion County, offers multiple spaces for lease. Built in 1910 and extensively renovated in 2017, the property boasts excellent State Street visibility and signage. The flexible layout includes 1,568 sq ft on the ground floor, ideal for a variety of uses, featuring a reception area, five operatories, offices, and a lab area. The second floor (617 sq ft) provides a break room, half bath, and storage. A finished 275 sq ft basement dental lab space is also available, along with a total of 9 parking spaces. The building is zoned MU-II (Mixed Use II), allowing for diverse occupancy. Minimum leasable space is 560 sq ft, with a maximum contiguous space of 1,568 sq ft. Utilities are stubbed to each operatory. This property presents a unique opportunity for medical or creative office tenants seeking a well-maintained, conveniently located space with high visibility. The entire 2,745 sq ft building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $511,456

  6.5%

  $472,113

  7%

  $438,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $438,491

  Geo Method

  $536,143

• Alternative Use

  Use

  Valuation

  Residential

  $585,421

  Hospitality

  $536,242

  Educational

  $446,147

  Medical

  $461,491

  Retail

  $694,007

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9346

Longitude

-123.019

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].