301 Westfield StSilverton, OR 97381

Property Details for 301 Westfield St

Year built

1995

Lot size

3.81 AC

Property size (Sq ft)

35,357 SF

Zone code

GC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

061W34DB06300

APU

061W34DB06300

Description

Silverton Plaza, a thriving retail center in Marion County, offers exceptional leasing opportunities. This mixed-use commercial property boasts a total of 30,562 square feet, with three suites currently available. The minimum leasable space is 962 square feet, while the maximum contiguous space available is 10,000 square feet. A significant portion of the building, totaling 17,962 square feet, is currently vacant and ready for immediate occupancy. The property benefits from strong anchor tenants, including Safeway and Dollar Tree, ensuring high foot traffic and visibility. A diverse and established tenant mix further enhances the property's appeal, with co-tenants such as Verizon Wireless, Papa Murphy's, Domino's Pizza, Willamette Valley Bank, Canine Paradigm, and Dutch Bros. This prime location presents a unique chance for businesses seeking high-traffic exposure and a vibrant commercial environment. The property's strategic positioning within Marion County offers excellent access to a substantial customer base. Contact us today to explore the leasing options and secure your space in this successful retail center. Spaces are available immediately.

• CAP approach

  CAP return

  Valuation

  6%

  $10,458,851

  6.5%

  $9,654,324

  7%

  $8,964,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,357,151

  Geo Method

  $17,158,808

• Alternative Use

  Use

  Valuation

  Residential

  $8,143,784

  Hospitality

  $7,459,662

  Educational

  $6,206,352

  Medical

  $6,419,798

  Retail

  $9,654,324

Location Insight

City

Silverton

County

Marion

State

Oregon

Latitude

45.0032

Longitude

-122.793

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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