River View Office Bldg
23,558 SF | 66% Leased | Office Building | Salem, OR 97301 | $3,275,000 ($139/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,275,000
- Property Type
-
Office
- Square Feet
- 23,558 SF
- Price / Square Foot
- $139
Listing Contacts
Gary Griff
Verified Profile
Jim Lewis
Verified Profile
- Property Info
Property Overview
Excellent Owner / User or investment opportunity.
Located one block off of popular Salem arterial, Highway 99E (Commercial Street) that boast strong daily vehicle counts plus easy access to a variety destinations such as Downtown Salem, West Salem, NE Salem and Kaiser, the Oregon State Capitol, Oregon State Fairgrounds and more. Just minutes from many popular retail like: Starbucks, Applebees, Fred Meyer, Dutch Bros, McDonald's, Jack in the Box, KFC, multiple gas stations, Home Depot, Self Storage, car dealerships and much more.
The building itself rests peacefully along the banks of the Willamette River with bucolic river views in a semi-private setting. The office building itself is centrally positioned on a 4.0003 total acres, of which includes excess land made up of 12,980 SF of land zoned IC (commercial) and 10,000 SF of land zoned RS (residential).
The building is three levels, including offices plus common area / lobby and restrooms on each floor, a common area deck with river views, a 63 stall parking lot plus 33 additional across the street, new roof, HVAC and PTAC systems all installed within the last 6 years and a passenger elevator.
Located one block off of popular Salem arterial, Highway 99E (Commercial Street) that boast strong daily vehicle counts plus easy access to a variety destinations such as Downtown Salem, West Salem, NE Salem and Kaiser, the Oregon State Capitol, Oregon State Fairgrounds and more. Just minutes from many popular retail like: Starbucks, Applebees, Fred Meyer, Dutch Bros, McDonald's, Jack in the Box, KFC, multiple gas stations, Home Depot, Self Storage, car dealerships and much more.
The building itself rests peacefully along the banks of the Willamette River with bucolic river views in a semi-private setting. The office building itself is centrally positioned on a 4.0003 total acres, of which includes excess land made up of 12,980 SF of land zoned IC (commercial) and 10,000 SF of land zoned RS (residential).
The building is three levels, including offices plus common area / lobby and restrooms on each floor, a common area deck with river views, a 63 stall parking lot plus 33 additional across the street, new roof, HVAC and PTAC systems all installed within the last 6 years and a passenger elevator.
Property Details
- Class
- C
- Year Built/Renovated
- 1978/1991
- Stories
- 3
- Lot Size (sq. ft)
- 174,240 SF
Highlights
- Total Land Area: ± 174,254 SF (4.0003 Acres), Excess Land: 12,980 SF IC (Commercial) & 10,000 SF (RS) Residential
- Building is currently 78% Leased to 7 tenants totaling 14,415 SF
- Current Vacancy of 3,875 SF (22%) available for a new Owner/User
- Large surface parking lot provides 63 striped spaces - 3.4:1,000 SF ratio
- Located 1 Block from Commercial Street NE (Hwy 99E) and numerous retail / commercial tenants
- Lush bucolic setting with direct views of the Willamette River
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