3912 Commercial St SE - Commercial LAND FOR SALE


Salem, OR 97302- Morningside25,700 SF
$725,000 USD
503-983-4405
3912 Commercial St SE, Salem, OR for Sale
$725,000 USD
Commercial LAND - FOR SALE
1/20
25,700 SF

3912 Commercial St SE
Salem, OR 97302
Morningside


HIGHLIGHTS

  • 0.59 acre two parcel package
  • Approximately 0.45 acres zoned Mixed Use III and approximately 0.15 acres zoned Residential Single Family
  • 70 feet of frontage on Commercial Street and an additional 65 feet of frontage on Oakhill Avenue
  • Excellent visibility and access

OVERVIEW

Do Not Disturb Tenant, Customers, or Employees. Appointment Required for All Viewings. Offered for the first time in 34 years, this 0.59 acre two parcel package presents a rare opportunity with existing rental income and future development potential. The property includes approximately 0.45 acres zoned Mixed Use III and approximately 0.15 acres zoned Residential Single Family. The existing tenant occupies the front portion of one parcel and has expressed interest in remaining. The rear portion of that parcel remains undeveloped, while the adjacent parcel includes a single family home. With approximately 70 feet of frontage on Commercial Street and an additional 65 feet of frontage on Oakhill Avenue, the property offers excellent visibility and access. Located among a strong mix of established local and national businesses including Starbucks, Napa Auto Parts, Windjammers, Panda Express, Chipotle, Bo and Vine, Wells Fargo Bank, The Shutterbug, Dairy Queen, and McDonalds. Mixed Use III zoning allows for a variety of permitted uses including multifamily apartments, short term lodging, eating and drinking establishments, office or laboratory space, fuel stations, day care, governmental services, and other similar uses. Buyer to complete their own due diligence regarding zoning, permitted uses, and development potential.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/ACRE

$1,228,814/AC

PRICE/SF

$28 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

3912 Commercial ST SE Salem, OR 97302

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Multi-Family, Apartment Units, Fast Food, Food Processing, Motel, Restaurant, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Supermarket

LAND ACRES

0.59 AC

LAND SF

25,700 SF

OFFSITE IMPROVEMENTS

-

ZONING

MU-3

APN/PARCEL ID

584915

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.