1230 State Events & Catering Center
$1,900,000
1230 State St, Salem, OR 97301
5,880 sqft
Building Size
0.16 acres
Lot Area
Details:
Highlights:
- Full interior renovation completed in 2023
- Close proximity to substantial employers
- Buyer pool is growing with diminishing pressure on interest rates
Description:
Introducing 1230 State St, a prime investment opportunity for retail and restaurant ventures. This historic 5,880 SF property, built in 1928 and fully renovated in 2023, presents a compelling combination of vintage charm and modern amenities. Zoned MU-I, it offers versatile potential in Salem's thriving area. With a single unit, this property provides an ideal canvas for a unique establishment. The full interior renovation offers a turnkey solution for savvy investors, while its proximity to significant employers ensures a growing buyer pool. With interest rates easing, now is the time to seize this exceptional commercial venture.
The subject property is a versatile 5,880-square-foot space, zoned MU-I, currently operating as a restaurant and event venue. Strategically located on State Street, it benefits from being within walking distance of three of the largest employers in the Salem MSA—Willamette University, Salem Health, and the Oregon State Capitol Mall. The surrounding area is home to well-established and thriving businesses in the hospitality sector, enhancing its appeal and long-term potential.
Documents:
| Title | ||
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| 1230_State_St_Brochure_12-12-24.pdf |
Location
Gallery
