Address
3755 PORTLAND RD NE, Salem, OR
Price
$ 1,825,000
Property Attributes
  • MLS#19136115
  • TypeCommercial
  • CountyMARION
  • CitySalem
  • Area176
  • Zip97301
  • StyleCommercial
  • Year Built1971
  • Taxes$ 9622
  • Price$ 1,825,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6098
  • Lot Size0.89 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property Description

100% fully leased property surrounded by businesses, community center and residential.Investment Highlights:* 6.1% Cap Rate on in-place income * Amazing location just off Portland Rd and I-5* Strong history of occupancy and replaceable rents* 100% Occupied* Well located near concentration of target customers

Price History
12/12/2021 Listed $1,825,000

General Features

Additional Parcels Y/N No
Association Y/N No
Attached Garage No
Bank Owned? No
Certified Organic Farm No
City Salem
Cooling CentralAir
County Marion
Current Use Lounge, Office, Retail
Days on Market 1009
Directions Exit 258 on I-5 and take West Portland Rd on to the address
Floatinghomeboatdockyn No
Greencertificationyn No
Grossincome 117000.0
Heating ForcedAir
Home Warranty Y/N No
Lease Type YearsRemaining1to5
Lot Size Square Feet 38768.0
MLS Area _176
New Construction No
Operatingexpense 16920.0
Pets Allowed No
Property Attached Y/N No
Property Condition Approximately
Property SubType Commercial
Property Type CommercialSale
Roof BuiltUp, Flat, Shingle
Sale Includes Building, Equipment, Land
Senior Community Y/N No
Sewer PublicSewer
Short Sale Y/N No
Standard Status Active
Status Active
Stories 1
Street Name PORTLAND
Tax Annual Amount 9622.91
Tax Year 2018
View Y/N No
Waterfront Y/N No
Year Built 1971
Zoning IC

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Fireplace Y/N No
Fueldescription Gas
Heating Y/N Yes
Street Suffix RD

Exterior Features

Building Area Total 6098.0
Crops Included Y/N No
Existingstructuresyn No
Farmyn No
Irrigation Water Rights Y/N No
Lot Size Acres 0.89
Number of Buildings 1
Other Equipment Furniture
Parking Features OnSite
Road Surface Type Paved
Roadfrontageyn No
Water Source PublicWater

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 97301

Price
AVG $1.75M
$1.83M
Taxes
AVG $12,860
$9,622
Visits
AVG 30
122
Year Built
AVG 1959
1971
Walkscore
AVG 64
41
Data Provided by Walkscore ® not using MLS data