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Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV: 503-588-3508.

1136 Lancaster NE

Salem, OR 97301
  • $1,190,900
  • STATUS: Active
  • ON SITE: 62 Days
  • MLS #: 817208
UPDATED: 130 min ago
$1,190,900
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,830
    SQFT
  • $247
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV: 503-588-3508. Listing information © 2024 Willamette Valley Multiple Listing Service



Description

Fully leased retail building available for sale on Lancaster. The current tenant has an additional 6 years left on their initial lease term. Tenant is responsible for all expenses with the exception of the roof and structural components of the building. Rental income beginning in August is 77,408.00 per year and continues with 3% annual increases. Do Not Disturb Tenants

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Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-07-24T00:09:10.023.
www.willamettevalleyhouses.com/homes/150830190
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1136 Lancaster NE Salem, OR 97301

  • Price: $1,190,900
  • Status: Active
  • On Site: 62 Days
  • Updated: 130 min ago
  • MLS #: 817208
0
Beds
0
Baths
0
½ Baths
0.25
Acres
4,830
SQFT
$247
$/SQFT
Neighborhood:
35 SUBURBAN E SALEM/SOUTH
County:
Marion
Area:
35 SUBURBAN E SALEM/SOUTH
Property Description
Fully leased retail building available for sale on Lancaster. The current tenant has an additional 6 years left on their initial lease term. Tenant is responsible for all expenses with the exception of the roof and structural components of the building. Rental income beginning in August is 77,408.00 per year and continues with 3% annual increases. Do Not Disturb Tenants
Exterior Features

Access Paved Fenced Partial Foundation Slab Parking Spaces 19 Railroad No Signage Yes Trailer Parking No View Territorial

Interior Features

Heating Central ACForced AirGas

Property Features

Assessments Or Liens No Cap Rate 6.5 Commercial Type Retail Cross Street Weathers St Flood Plain No Gross Sched Income 77408 High Speed Comm Access AvailablePresent New Construction No Owner Managed Yes Owner Occupied No Property Use Type Investment Seller To Do1031 Yes Sewer CitySeptic Source Of Square Feet Owner Suitable For Industrial Flex SpaceOffice Showroom Tax Amount 10659 Tax Years 2023 Tenancy Single Terms Seller Will Consider CashConventional Water CityConnected

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-07-24T00:09:10.023.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV: 503-588-3508. Listing information © 2024 Willamette Valley Multiple Listing Service