4200 River Rd N - Restaurant FOR SALE


Salem, OR 97303
$2,500,000 USD
503-569-4449
4200 River Rd N, Salem, OR for Sale
$2,500,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

4200 River Rd N
Salem, OR 97303


HIGHLIGHTS

  • High profile location
  • Signalized Intersection
  • Dual frontage
  • Seller may consider an owner-carry transaction for a well-qualified buyer

OVERVIEW

4200 River Road N presents a rare opportunity to acquire one of Keizer’s most high-profile commercial sites. Situated at the signalized intersection of River Road N and Manbrin Dr NE, this 0.80-acre parcel offers dual frontage, excellent access from both streets, and visibility that’s unmatched in the market. Restaurant shall remain operational until Q3 2025. Transaction is for real estate only, business is not for sale. Seller may consider an owner-carry transaction for a well-qualified buyer. Strategically positioned near the signalized intersection of River Road N and Manbrin Dr NE, this 0.80-acre property occupies one of Keizer’s most prominent commercial corridors. With dual frontage and full access from both River Road N and Cherry Avenue NE—totaling over 320 feet of street exposure—the site offers exceptional ingress and egress, a rarity in today’s urban landscape.The property is zoned CMU (Commercial Mixed Use), making it highly versatile for retail, office, or redevelopment scenarios. It currently features an 8,840 SF restaurant building, JC’s Pizzaria, with ample on-site parking exceeding minimum code requirements. The corner lot benefits from strong traffic counts (27,921 vehicles/day on River Road) and is surrounded by a healthy mix of commercial, residential, and institutional uses. Its proximity to major retail hubs such as Keizer Station and its visibility along the city's main arterial make this an unmatched opportunity in one of Oregon’s most supply-constrained submarkets.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Keizer Core Redevelopment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

CROSS STREETS

cherry ave NE

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

CM

APN/PARCEL ID

525052

ASK ABOUT THIS PROPERTY

Nick Williams, CCIMCapacity Commercial Group LLCMore Info
503-569-4449

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Nick Williams, CCIMCapacity Commercial Group LLCMore Info
503-569-4449

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