Retail Investment Opportunity - Fairgrounds Rd
$700,000
2390 Fairgrounds Rd NE, Salem, OR 97301
For Sale
Office
Building
Active
Last Updated: 05/16/2025
4,068 sqft
Building Size
0.1 acres
Lot Area
Details:
Building Size: 4,068 sqft
Lot Area: 0.1 acres
Occupancy: 100%
Class: C
Units: 1
Year Built: 1928
Floors: 1
Highlights:
- 4,068 SF building
- Built in 1928
- Zoned MU1
- Located in Salem
- 100% occupancy
Description:
Investment Opportunity! Recently renovated building with vaulted ceilings and an open concept. Currently leased to a marajunia retailer through August 31, 2026 with two (2) Five (5) year options. Lease is NNN, Landlord is currently grossing $49,200 in annual rent. Tenant has stated they are willing to extend for another 5 year term.
Conveniently situated just a short distance from Interstate 5, the property offers easy access to regional transportation routes, facilitating seamless connectivity for commuters and visitors. Additionally, the property is only a few minutes away from downtown Salem, ensuring proximity to the city's bustling commercial and cultural hub.
Documents:
| Title | ||
|---|---|---|
| CBC_-_Flyer__P_.pdf | ||
| CBC_-_Flyer__P_.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
