3985 Rich Dr NE - Freestanding FOR SALE


Salem, OR 97305- Hayesville
$855,000 USD
503-972-7297
3985 Rich Dr NE, Salem, OR for Sale
$855,000 USD
Freestanding - FOR SALE
1/3
null | 7.01% Cap Rate

3985 Rich Dr NE
Salem, OR 97305
Hayesville


HIGHLIGHTS

  • Positioned along the high-traffic Lancaster Drive corridor.
  • Fully leased to two well-established tenants.
  • Ample off-street parking.

OVERVIEW

The property is a 3,125-square-foot freestanding retail building on 0.25 acres just off Lancaster Drive NE in the heart of Salem, Oregon's capital city. It is fully leased to two well-established tenants, Odd Moe's Pizza and Jackson Hewitt Tax Service, both of whom have operated at this location for over two decades, underscoring the site's proven performance and long-term tenant commitment. Offered as a turnkey investment at a 7% return, the asset features 17 striped parking spaces and a clean, low-maintenance profile that requires no immediate capital or leasing attention from a new owner. Positioned along the high-traffic Lancaster Drive corridor — one of Salem's most active retail arterials — the property sits near the Willamette Town Center and major national retailers including Target, Dick's Sporting Goods, and Walgreens. Surrounded by dense residential neighborhoods, the location enjoys steady daily traffic and a deep, built-in customer base, making 3965 Rich Dr NE a rare, management-light opportunity to own a durable, income-producing retail asset with proven tenant longevity.

FOR SALE DETAILS

PRICE

$855,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CR

APN/PARCEL ID

560158

ASK ABOUT THIS PROPERTY

Zach ReichleMacadam Forbes, Inc.More Info
503-972-7297

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

Zach ReichleMacadam Forbes, Inc.More Info
503-972-7297

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