300-390 Liberty St SE - Storefront Retail/Office FOR SALE


Salem, OR 97301- Downtown Salem
$6,500,000 USD
503-588-4146
300-390 Liberty St SE, Salem, OR for Sale
$6,500,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.67% Cap Rate

300-390 Liberty St SE
Salem, OR 97301
Downtown Salem


HIGHLIGHTS

  • 61,521 Total Building SF
  • Building A 16,908 SF
  • Building B 19,699 SF
  • Building C 20,178 SF
  • Building D 4,736
  • 22 units

OVERVIEW

Situated in the heart of downtown Salem, the Pringle Park Plaza property offers a strategic location surrounded by a diverse mix of dining, retail, office, and entertainment options. Its close proximity to popular attractions, including the Oregon State Capitol, Willamette University, Bush Park, and Pringle Park, enhances its appeal for potential retail and office investors. With convenient access to major transportation routes, this asset continues to present an attractive proposition for property owners seeking a well-positioned investment in Salem's bustling market. This downtown Salem property presents a compelling investment opportunity with a total building area of 61,521 SF (52,845 SF NRA) across 22 units in 4 buildings. The fact that it's zoned Central Business District in the heart of Salem and is sitting at full occupancy, puts the property in a position as a highly desirable asset for retail and/or office investors. The property is at 99% occupancy with substantial upside in rents, making this an investment with tremendous upside potential.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

CB

APN/PARCEL ID

589098,589099,589105,589107

ASK ABOUT THIS PROPERTY

Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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