321 Court St NE - Storefront Retail/Office FOR SALE


Salem, OR 97301- Downtown Salem
$2,800,000 USD
503-370-2581
321 Court St NE, Salem, OR for Sale
$2,800,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

Oct '26


321 Court St NE
Salem, OR 97301
Downtown Salem


HIGHLIGHTS

  • 98% leased investment in prominent two-story building
  • Offered at appraised value

OVERVIEW

Prominent 17,625 SF two-story retail / office building situated on 0.14 acre in the heart of downtown Salem. The property is 98% leased, offering strong occupancy and stable income, with the restaurant tenant executing a new five year lease upon Closing. Offered at appraised value, the acquisition provides investors an opportunity to acquire a well-occupied downtown asset at a market-supported price.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CB

APN/PARCEL ID

589223

ASK ABOUT THIS PROPERTY

Terry Hancock, SIORHancock Real EstateMore Info
503-370-2581

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

Terry Hancock, SIORHancock Real EstateMore Info
503-370-2581

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