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Listing provided courtesy of Real Broker: 503-740-9768.

1221 River Bend NW

Salem, OR 97304
  • $8,900,000
  • STATUS: Active
  • ON SITE: 189 Days
  • MLS #: 800180
UPDATED: 37 min ago
$8,900,000
  • 0
    BEDS
  • 1.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,780
    SQFT
  • $826
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Real Broker: 503-740-9768. Listing information © 2023 Willamette Valley Multiple Listing Service



Description

Amazing opportunity to own this unique investment in West Salem. Highly anticipated River Bend Shopping Center & Checkpoint 221 food truck pod is in the last phase of construction & is set for completion Feb 2023. Consisting of a 4-unit shopping center, pavilion & food truck pod, this development is a much-needed neighborhood center for local residents to shop & relax in a rapidly expanding community. Property is adjacent to 48-unit apartment complex & another 201-unit apartment construction.

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Willamette Valley MLS logo © 2023 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. Data last updated: 2023-06-10T21:09:18.347.
www.willamettevalleyhouses.com/homes/135199326
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1221 River Bend NW Salem, OR 97304

  • Price: $8,900,000
  • Status: Active
  • On Site: 189 Days
  • Updated: 37 min ago
  • MLS #: 800180
0
Beds
0
Baths
0
½ Baths
1.95
Acres
10,780
SQFT
$826
$/SQFT
Neighborhood:
60 NORTHWEST SALEM
County:
Polk
Area:
60 NORTHWEST SALEM
Property Description
Amazing opportunity to own this unique investment in West Salem. Highly anticipated River Bend Shopping Center & Checkpoint 221 food truck pod is in the last phase of construction & is set for completion Feb 2023. Consisting of a 4-unit shopping center, pavilion & food truck pod, this development is a much-needed neighborhood center for local residents to shop & relax in a rapidly expanding community. Property is adjacent to 48-unit apartment complex & another 201-unit apartment construction.
Exterior Features

Access Paved Building1 Info Retail Building 4 Suites - 5280 Building2 Info Pavilion Building - 5500 Building3 Info Food Cart Yard Foundation Slab Frontage Feet 418 Signage No

Interior Features

Fire System Sprinkled

Property Features

Adjusted Gross Income 492764 Cap Rate 5.5 Commercial Type Special Purpose Confidentiality Agreement Required Yes Cross Street Wallace Expenses Actual Or Projected Projected Flood Plain No Gross Sched Income 467075 High Speed Comm Access Available Mgmt Acct 24638 Miscellaneous 9855 Net Income 440590 New Construction Yes Possession Coe Property Name Checkpoint 221 Property Taxes 11680 Property Use Type Business Sewer City Source Of Square Feet County Suitable For Office Office Building Suitable For Shopping Center Convenience/Strip Center Tax Amount 11680 Tax Years 2023 Terms Seller Will Consider CashConventional Total Expenses 52173 Vacancy Credit Loss 25690 Zoning Cr Co

© 2023 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2023 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. Data last updated: 2023-06-10T21:09:18.347.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of Real Broker: 503-740-9768. Listing information © 2023 Willamette Valley Multiple Listing Service