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181-195 High St NE
Salem, OR 97301

$4,575,000 USD

Storefront Retail Office For Sale • 38,450 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 38,450 SF
Lot Size 0.53 AC
Building Class B
Year Built 1900
Cap Rate 7.75 %
Tenancy Multiple
Zoning CBD

61 Transit Score

89 Walk Score

                
                    Highlights
                
                                Salem's Historic Grand is a prime investment opportunity to own a multi-tenant mixed-use building in the heart of the Willamette Valley.  
                            
                                Located at the signaled intersection of High Street NE and Court Street NE, with exposure and visibility from 7,870 vehicles daily.    
                            
                                Sited on 0.50 acres zoned Central Business District (CBD), this 38,450-square-foot building was built in 1900 and is in an opportunity zone. 
                            
                                Find nearby landmarks like the Marion County Court, Salem Hospital, and Oregon State Capitol, plus conveniences like Starbucks and Wells Fargo.

Property Flyers

Flyer - Full Package - Salem's Historic Grand - 6.17.24

Cap Rate:

7.75 %

Amenities

24 Hour Access
Bus Line
Fireplace
Property Manager on Site
Restaurant
Signage
Signalized Intersection
Skylights
Accent Lighting
Recessed Lighting
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Salem (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak)	3 min	18 min	0.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

Terry Hancock 971-273-5773 Hancock Real Estate

181-195 High St NE Salem, OR 97301