Live-Work Opportunity 1800 State St 2,745 SF Office Building Salem, OR 97301 $525,000 ($191.26/SF)
INVESTMENT HIGHLIGHTS
- Located along State Street Corridor undergoing Revitilization Project
- Building underwent complete renovation in 2017
- Main floor stubbed for water/vacuum/compressor
EXECUTIVE SUMMARY
Professional medical office building most recently occupied by a dentist. Excellent exposure and building signage on State Street. The gross building area is * 2,745 SF which incudes 1,568 SF on the ground floor, 617 SF of second floor space and 560 SF in the basement of which 275 SF is finished dental lab space. The main floor includes a front lobby/waiting area, five operatories, offices, lab area and restroom. Compressor/vacuum/water is stubbed to each operatory. A stairwell in the private office provides access to second floor which includes an employee break area with sink/dishwasher, half bathroom, and storage area.
* Square footage provided by architect and appraiser Property had two small additions on the main floor in 2017 which differs from County Records.
* Square footage provided by architect and appraiser Property had two small additions on the main floor in 2017 which differs from County Records.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$5,691
|
$2.07
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,691
|
$2.07
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,745 SF
Building Class
B
Year Built
1910
Price
$525,000
Price Per SF
$191.26
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
915 SF
Building FAR
0.48
Lot Size
0.13 AC
Zoning
MUII - Mixed Use II
Parking
9 Spaces (3.28 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 of 1
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 568519 | Total Assessment | $298,650 |
| Land Assessment | $0 | Annual Taxes | $5,691 ($2.07/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
