Center Point
23,202 SF | 56% Leased | Office Building | Salem, OR 97301 | $4,775,000 ($206/SF)
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,775,000
- Property Type
-
Office
- Square Feet
- 23,202 SF
- Price / Square Foot
- $206
Listing Contacts
Jennifer Martin
Verified Profile
- Property Info
Property Overview
Unique opportunity to acquire an office building for a user seeking approximately 5,300 SF for owner-occupancy. This two-story, urban office building with off-street parking has additional tenants providing income in support of the asking price. The estimated stabilized value of the building is $5,200,000 once the vacant space is filled with a tenant paying market rents. The asking price of $4,775,000 leaves over $400,000 of consideration for a buyer to carry the asset while sourcing a tenant or having cushion to complete a remodel of the space to suit the specifications of the user.
Property Details
- Class
- B
- Year Built
- 1960
- Stories
- 2
- Lot Size (sq. ft)
- 38,333 SF
Highlights
- Fantastic dedicated off-street parking lot
- Owner-occupied opportunity
- Potential for sale of partnership interest
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