UNDER CONTRACT – Commercial & Bush Investment Opportunity

960 Commercial Street Southeast, Salem, OR, USA

This property provides an amazing opportunity for an investor or owner -occupant looking for a property with upside. This south Salem corner property has long-term tenants and a new vacancy creates tremendous opportunity. Priced well below replacement cost, this asset has low operational costs. The Commercial Street side of the building has a new storefront and part of the roof of the building was replaced in 2020. The Bush Street side of the property was completely rebuilt following a 2002 fire. Because this property is located in the South Waterfront Urban Renewal Area, city focus on area redevelopment and beautification helps ensure this property’s value will be protected into the future.

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Property Details

  • Property Type(s): Retail
  • Price: $1,300,000
  • Zone: CR

Listing Agent

Jennifer Martin