1230 State Events & Catering 1230 State St 5,800 SF Retail Building Salem, OR 97301 $1,900,000 ($327.59/SF)
INVESTMENT HIGHLIGHTS
- Full interior renovation completed in 2023
- Buyer pool is growing with diminishing pressure on interest rates
- Close proximity to substantial employers
EXECUTIVE SUMMARY
Introducing 1230 State St, a prime investment opportunity for retail and restaurant ventures. This historic 5,880 SF property, built in 1928 and fully renovated in 2023, presents a compelling combination of vintage charm and modern amenities. Zoned MU-I, it offers versatile potential in Salem's thriving area. With a single unit, this property provides an ideal canvas for a unique establishment. The full interior renovation offers a turnkey solution for savvy investors, while its proximity to significant employers ensures a growing buyer pool. With interest rates easing, now is the time to seize this exceptional commercial venture.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
B
Year Built/Renovated
1979/2005
Price
$1,900,000
Price Per SF
$327.59
Tenancy
Single
Building Height
1 Story
Building FAR
0.83
Lot Size
0.16 AC
Zoning
MU-I - Mixed Use
Parking
8 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
57’ on State St
AMENITIES
- Restaurant
- Signage
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 595155 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $397,330 |
