2608-2618 Cherry Avenue Northeast
$1,905,000
2608-2618 Cherry Avenue Northeast, Salem, OR 97301
For Sale
Industrial
Flex Space
Active
Last Updated: 11/12/2026
7.11
Cap Rate
135,439.35
NOI
Details:
Cap Rate: 7.11%
NOI: $135,439.35
Building Size: 14,400 sqft
Lot Area: 1.63 acres
Year Built: 1991
Highlights:
- Sought after fully-leased light industrial investment
- Two buildings - fully fenced
- Tenants: Lefty's Plumbing, BW Customs, and Razborka
Description:
Two-building, fully leased, industrial complex, fully fenced., with three tenants generating $164,673 per year in gross income. Leases are modified gross so Landlord pays taxes, insurance, and exterior building maintenance. Light industrial buildings like these have had very low vacancy for the past few decades. Call listing agents for more information.
Great light industrial area of Salem, close to the Salem Parkway.
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Location
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