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Listing provided courtesy of Gall Real Estate Services Llc: 503-363-6051.

2390 Fairgrounds NE

Salem, OR 97301
  • $800,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 801469
UPDATED: 91 min ago
$800,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,040
    SQFT
  • $198
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Gall Real Estate Services Llc: 503-363-6051. Listing information © 2023 Willamette Valley Multiple Listing Service



Description

Beautifully remodeled retail building with open beam ceiling and washed concrete floors. Updated heating, electrical, interior, exterior and more in 2018. New membrane roof in 2021. Open floor plan with private storage/office area. Currently tenanted by a dispensary on a NNN Lease with four years remaining on the initial term. Perfect for a cash or Exchange Buyer. DEQ NFA on file.

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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: 2023-03-31T00:09:06.567.
www.willamettevalleyhouses.com/homes/136585742
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2390 Fairgrounds NE Salem, OR 97301

  • Price: $800,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 91 min ago
  • MLS #: 801469
0
Beds
0
Baths
0
½ Baths
0.25
Acres
4,040
SQFT
$198
$/SQFT
Neighborhood:
20 CENTRAL SALEM
County:
Marion
Area:
20 CENTRAL SALEM
Property Description
Beautifully remodeled retail building with open beam ceiling and washed concrete floors. Updated heating, electrical, interior, exterior and more in 2018. New membrane roof in 2021. Open floor plan with private storage/office area. Currently tenanted by a dispensary on a NNN Lease with four years remaining on the initial term. Perfect for a cash or Exchange Buyer. DEQ NFA on file.
Exterior Features

Access Paved Approx Lot Dimensions Irreg. Foundation Slab Frontage Feet 48 Railroad No Roof Other (Refer To Remarks) Signage Yes Trailer Parking Yes View Territorial

Interior Features

Heating Central AcForced AirGas

Property Features

Adjusted Gross Income 46740 Assessments Or Liens No Cap Rate 5.5 Commercial Type Retail Confidentiality Agreement Required No Cross Street Smith Expenses Actual Or Projected Actual Flood Plain No Gross Sched Income 49200 High Speed Comm Access Present Maintenance 2337 Net Income 44403 New Construction No Owner Managed Yes Owner Occupied No Possession Coe Property Use Type Investment Seller To Do1031 Yes Sewer City Source Of Square Feet County Suitable For Office Office-R&Amp;DOffice-Warehouse Suitable For Shopping Center Community CenterConvenience/Strip Center Tax Amount 5041 Tax Years 22-23 Tenancy Single Terms Seller Will Consider Cash Total Expenses 2337 Vacancy Credit Loss 2460 Water CityConnected Zoning Cg/Ic

© 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: 2023-03-31T00:09:06.567.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of Gall Real Estate Services Llc: 503-363-6051. Listing information © 2023 Willamette Valley Multiple Listing Service