1890 Capitol St NE - Freestanding FOR SALE


Salem, OR 97301- Highland
$587,500 USD
503-983-4405
1890 Capitol St NE, Salem, OR for Sale
$587,500 USD
Freestanding - FOR SALE
1/32
null | Request Cap Rate

1890 Capitol St NE
Salem, OR 97301
Highland


HIGHLIGHTS

  • Excellent visibility and flexibility
  • 1,440 square foot commercial building on a 0.15 acre corner lot
  • Large open retail and lobby area, two offices or storage and supply rooms, bathroom, and break room
  • Six onsite parking spaces plus adjacent street parking provide convenient access
  • Existing furniture, fixtures, security system, large safes, display cases, and other dispensary equipment are negotiable
  • Existing cannabis retail license is also negotiable and subject to buyer qualification, regulatory requirements, and applicable approvals

OVERVIEW

Excellent visibility and flexibility at 1890 Capitol St NE in Salem. This 1,440 square foot commercial building sits on a 0.15 acre corner lot and features a large open retail and lobby area, two offices or storage and supply rooms, bathroom, and break room. Six onsite parking spaces plus adjacent street parking provide convenient access. Brick and shingle siding, prominent signage, and a high visibility Capitol Street location add to the property's appeal. City of Salem traffic data from 2015 reported more than 12,000 vehicles passing daily. Located adjacent to Salem Clinic. Previously operated as a cannabis dispensary, the property offers the opportunity to continue a similar use or transition to another permitted commercial use. Potential uses include eating and drinking establishments, office, laboratory and research, daycare, neighborhood convenience store, and other commercial uses. Existing furniture, fixtures, security system, large safes, display cases, and other dispensary equipment are negotiable, creating the potential for a turnkey operation. Existing cannabis retail license is also negotiable and subject to buyer qualification, regulatory requirements, and applicable approvals.

FOR SALE DETAILS

PRICE

$587,500 USD

PRICE/SF

$408 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center, Office/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

CROSS STREETS

Erixon street northeast

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CR

APN/PARCEL ID

577395

ASK ABOUT THIS PROPERTY

Mark ShadrinBerkshire Hathaway Real Estate ProfessionalsMore Info
503-983-4405

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Mark ShadrinBerkshire Hathaway Real Estate ProfessionalsMore Info
503-983-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.