1191 Capitol St NE
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1191 Capitol St NE
3,164 SF Office Building Salem, OR 97301 $750,000 ($237/SF)
Investment Highlights
- Fully renovated and redesigned in 2023
- On the Chariots bus line
- Highly visible corner location at Capitol and Market
Executive Summary
Beautifully remodeled office building - Fully renovated and redesigned in 2023. FULLY FURNISHED AND TURN-KEY for new owner. Upgrades include new HVAC with mini split heat pump upstairs. New presidential style roof with copper gutters and downspouts. Refinished hardwood flooring on the main level. All new flooring on lower level. New LED canned lighting throughout. New tile flooring in kitchen, entry office and bathroom. Exterior and interior paint throughout. Move in ready with all furnishings selected and designed for the spaces they occupy.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,253
|
$1.03
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,253
|
$1.03
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $3,253 |
| Annual Per SF | $1.03 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,253 |
| Annual Per SF | $1.03 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
3,164 SF
Building Class
B
Year Built/Renovated
1936/2023
Price
$750,000
Price Per SF
$237
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,582 SF
Building FAR
0.61
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
MU-I
Parking
5 Spaces (1.58 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 585123 | Total Assessment | $165,760 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | $3,253 ($1.03/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
585123
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$165,760 (2023)
Annual Taxes
$3,253 ($1.03/SF)
Tax Year
2024
-
Ruth Dana -
First Commercial Real Estate
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1191 Capitol St NE
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