3705 Cherry Ave NE - Freestanding FOR SALE


Salem, OR 97303
$550,000 USD
503-851-9428
3705 Cherry Ave NE, Salem, OR for Sale
$550,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

3705 Cherry Ave NE
Salem, OR 97303


HIGHLIGHTS

  • Oversized lot for infill development
  • One unit vacant providing flexibility for new owner’s plans
  • Great location near shopping and services at south end of Keizer
  • No seller financing

OVERVIEW

This .44-acre duplex site in Keizer, Oregon presents a strong infill development opportunity with income in place. The property is zoned Mixed-Use, allowing for a wide range of permitted and special uses, including middle housing and cottage cluster development, subject to city approval. The larger lot size and flexible zoning support increased density and long-term redevelopment potential. The existing duplex provides interim cash flow while future plans are evaluated. The unit mix includes a 1,442 SF, 4-bedroom / 1.5-bath unit and a 480 SF studio unit, making the site well suited for investors or developers seeking near-term income with clear upside through redevelopment.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

Mixed-Use

APN/PARCEL ID

525723

ASK ABOUT THIS PROPERTY

Jennifer MartinFirst Commercial Real EstateMore Info
503-851-9428

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Jennifer MartinFirst Commercial Real EstateMore Info
503-851-9428

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