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Listing provided courtesy of REAL BROKER: 503-740-9768.

1221 River Bend NW

Salem, OR 97304
  • $7,900,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 817861
Price Reduced
UPDATED: 129 min ago
$7,900,000
  • 0
    BEDS
  • 1.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,780
    SQFT
  • $733
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of REAL BROKER: 503-740-9768. Listing information © 2024 Willamette Valley Multiple Listing Service



Description

Unique Retail Investment Opportunity in Expanding West Salem:Checkpoint 221 & The Shops at Riverbend.This highly anticipated development includes the food truck & pavilion business, property & fully leased retail building. 4-unit shopping center, a lively food truck pod & a vibrant pavilion w/full bar, this property has become the go-to neighborhood center for both shopping and relaxation. Prime location adjacent to a 48-unit apartment complex & another 201-unit apartment complex under construction. Excellent traffic counts and exposure on Wallace Road at a signalized intersection, visibility and accessibility of this property are second to none. The Checkpoint 221 business and the Investment property are also offered separately. Please inquire with listing brokers.

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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: 2024-07-23T23:09:23.483.
www.willamettevalleyhouses.com/homes/151420372
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1221 River Bend NW Salem, OR 97304

  • Price: $7,900,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 129 min ago
  • MLS #: 817861
0
Beds
0
Baths
0
½ Baths
1.95
Acres
10,780
SQFT
$733
$/SQFT
Neighborhood:
60 NORTHWEST SALEM
County:
Polk
Area:
60 NORTHWEST SALEM
Property Description
Unique Retail Investment Opportunity in Expanding West Salem:Checkpoint 221 & The Shops at Riverbend.This highly anticipated development includes the food truck & pavilion business, property & fully leased retail building. 4-unit shopping center, a lively food truck pod & a vibrant pavilion w/full bar, this property has become the go-to neighborhood center for both shopping and relaxation. Prime location adjacent to a 48-unit apartment complex & another 201-unit apartment complex under construction. Excellent traffic counts and exposure on Wallace Road at a signalized intersection, visibility and accessibility of this property are second to none. The Checkpoint 221 business and the Investment property are also offered separately. Please inquire with listing brokers.
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

Cap Rate 7 Commercial Type Special Purpose Confidentiality Agreement Required Yes Cross Street Wallace Expenses Actual Or Projected Actual Flood Plain No High Speed Comm Access Available Mgmt Acct 35677 Miscellaneous 14271 Net Income 624355 New Construction Yes Possession COE Property Name Checkpoint 221 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 16775 Tax Years 2023-24 Terms Seller Will Consider CashConventional Total Expenses 89193 Vacancy Credit Loss 39245

© 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: 2024-07-23T23:09:23.483.
 
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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 © 2024 Willamette Valley Multiple Listing Service