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First Commercial Real Estate
3550 Liberty Road South, Suite 290
Salem, Oregon 97302-5622
Phone: 503.364.7400   |   Fax: 503.364.7422

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Properties


JUST LISTED: 15,000 SF Flex Retail Building

  • Single story flex building situated on one 1.31 acres (57,064 SF) tax lot.
  • Suite 2425: 3,500 SF showroom; 3,500 SF warehouse.
  • Suite 2475: 5,000 SF of showroom and 3,000 SF of warehouse.  Includes two large roll-up doors.
  • 50 Parking Spaces
  • IC (Industrial Commercial) Zone.

Property Details:

Address:
2425-2475 25th St. SE
Salem, OR 97302
Price: $1,950,000
Available SF: 15,000
Zone: IC
Type: Retail
Term: Sale
Broker: Terri Frohnmayer/Ruth Dana

SOLD: SILVERTON MEDICAL OFFICE INVESTMENT

Approximately 13,022 SF medical office building on 0.82 acres

Located across the street from Legacy Silverton Medical Center and in an area of other medical providers.

Multi-story medical building that encompasses the following: 1,816 SF on the Lower Level, 6,490 SF on the Main Level and 4,716 SF on the Upper Level. Total gross leasable area is 13,022 SF.

Property Details:

Address:
450-456 Welch Street
Silverton, OR 97381
Price: $CONFIDENTIAL
Available SF: Approx. 13,022 SF
Zone: P (Public Overlay District)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

SOLD: Allen Plaza

FEATURES

• Very nice office/retail Investment Property:  2 commercial buildings, approx. 13,500 SF on one tax parcel, approx. 0.77 acre.
• Great central Keizer location with easy access to I-5 via Salem Parkway
• Signage is available on River Road N and Cherry Ave. NE and above entrance to the suite
• New exterior paint

• Two Suites Available For Lease

• Suite 4118 - Approx. 1600 SF.  Includes 3-4 private offices/conf. area, open work space and ADA restroom

• Suite 4120 - Approx. 1400 SF.  Includes large overhead door, separate entry/waiting area and open/expansive work area.  Newly painted.

• Current Tenants: York Custom Mechanical, Salem-Keizer Brazilian Jiu-Jitsu and retailer "We Buy Stuff".

Property Details:

Address:
4120-4122 River Rd. N & 4155-4159 Cherry Ave. NE
Keizer, OR 97303
Price: $Confidential
Available SF: 13,500 SF (2 Bldgs) | 4120 River Rd. Suite B: 1,400 SF
Zone: CM (Commercial Mixed Use)
Type: Office, Retail
Term: Sale, Lease
Broker: Terri Frohnmayer

SOLD: High Visibility Keizer Office w/ Signage

Building offers excellent visibility and exposure along Lockhaven Dr. NE including ownership of the large lighted pole sign fronting Lockhaven Drive.

Main level: approx. 868 SF
Second level: approx. 910 SF

Property Details:

Address:
765 Lockhaven Dr. NE
Keizer, OR 97303
Price: $Confidential
Available SF: Approx. 1,778 SF on 0.08 acre
Zone: CM (Commercial Mixed Use)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

SOLD: Industrial Warehouse/Manufacturing w/ Dock

Total of approx. 26,660 SF
• 22,364 SF Industrial Floor
• 2,846 SF 1st floor office/break area
• 1,450 SF second floor office

Unit B Available For Lease (10,481 SF approx.)

Property Details:

Address:
1947 Claxter Rd. NE
Salem, OR 97301
Price: $Confidential
Available SF: Approx. 26,660 SF warehouse w/ dock
Zone: IP (Industrial Park)
Type: Industrial
Term: Sale, Lease
Broker: Terri Frohnmayer & Jeff Miller

SOLD: INVESTMENT: John L. Scott West Salem Building

• This building has an attractive brick exterior, expansive windows for wonderful interior natural light.
• Includes numerous private offices throughout plus conference areas and a generous sized training room.
• Interior was professionally designed and appointed and the entire property is beautifully maintained.
• 100% leased with the following services: real estate residential sales, mortgage services, property management and legal services.

Property includes an additional buildable pad site of approx. 10,000 SF for a small future building.

Property Details:

Address:
1124 Cornucopia St. NW
Salem, OR 97304
Price: $Confidential
Available SF: Approx. 10,378 SF on 0.84 acre
Zone: CR (Commercial Retail)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

VISTA340 - 100% LEASED

• Long known as the Prudential Building this building is an iconic staple to the South Salem landscape. Now christened VISTA340, this office building is new inside and out.
• Rich Duncan Construction is the project coordinator for this beautiful remodel.
• Lease is a full service rate less janitorial.
• Lease rate includes a Tenant Improvement (TI) allowance for new floor coverings, wall paint and some wall structures for a qualified tenant.

Property Details:

Address:
340 Vista Ave. SE
Salem, OR 97302
Price: $CONFIDENTIAL
Available SF:
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

.50 Acre RM Zoned Lot

• Great buy on this multi-family zoned parcel near Chemeketa Community College.

 
• Property is located within Marion County jurisdiction for land use
   decisions, however, water & sewer services are under City of
   Salem jurisdiction and storm sewer is
   managed by Marion County.
 

• Perfect set up for 4-plex or town homes.

 
• On bus line and close to shopping.
 
• Easy access to I-5.

Property Details:

Address:
4165 Lancaster Dr. NE
Salem, OR 97305
Price: $289,900
Available SF: 21,700
Zone: RM
Type: Land
Term: Sale
Broker: Terri Frohnmayer

100 ACRE COLONIAL ESTATE & GOLF COURSE

Approx. 100.11 acres commercial land.
Property includes approx. 15,000+ SF of improvements: colonial estate and event center, pro-shop, maintenance shop, secured cart barn, carriage apartment and an additional 1,000 SF of unimproved retail space.

• The estate is anchored by a 6,000 SF colonial home with manicured gardens
• Full-service commercial kitchen complete with hood and range, walk-in freezer, dish-washing station, grease trap and large kitchen prep area
• Carriage apartment has 2 bedrooms and 1 bath and is currently generating income as a short term vacation rental

Property Details:

Address:
9301 SW BAYOU DRIVE
MCMINNVILLE,, OR 97128
Price: $1,799,000
Available SF: Approx. 100.11 acres with 15,000 SF of improvements
Zone: RC (Recreational Commercial)
Type: Land, Other
Term: Sale
Broker: Terri Frohnmayer & Joshua Kay

12th Street Office Building

Fully improved professional office building, approximately 6,338 SF on 0.41 acre

• Professional office building with several points of entry suitable for single or multi-tenant use
• Two story building includes a reception/waiting area on each floor with numerous private offices
• Approx. 15 private offices, three generous conference areas, six restrooms and one break area
• Constructed in 1967 (remodeled over the years) and is designed around an outdoor courtyard
• There are approximately 20 to 22 on-site parking spaces for both clients and employees

Property Details:

Address:
2701-2731 12th Street SE
Salem, OR 97302
Price: $REDUCED: Now: $598,000.00 | Lease: $1.20/SF/Mo (1st Floor) $1.10/SF/Mo. (2nd Floor)
Available SF: Approx. 6,338 SF on 0.41 acre | Various suite sizes available for lease
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

24.17 Acres Agriculture Property

24.17 acres agricultural property with water rights.  Located outside of the city of Aurora, OR under the jurisdiction of Marion County

Property currently planted in nursery stock for research purposes.  A portion of the property has historically been tilled and planted in various row and seed crops.

The property is served by a well and septic.  Well is used primarily for irrigation, however, the pole building has a sink and restroom.

Main pole building consists of enclosed office, work room with a kitchenette that has one sink and a restroom. Exterior walls are insulated.

Wood post framed equipment storage shed with electricity.

Greenhouse is a metal hoop structure with double poly cover.

Property Details:

Address:
11225 Ehlen Rd.
Aurora, OR 97002
Price: $515,000
Available SF: 3,720 total SF all buildings
Zone: EFU
Type: Land
Term: Sale
Broker: Terri Frohnmayer

25th Street Commercial Development Land

SIZE
Approx. 12.45 acres (542,322 SF) of commercial development land on four tax lots

FEATURES
• Great commercial development opportunity with nice frontage on 25th Street and excellent access to I-5 (north and southbound)
• IC (Industrial Commercial) Zone allows for a variety of uses including: retail sales and service, business and professional services, motor vehicle sales and service, education services, general manufacturing, warehousing and distribution, self-service storage and much more. There are no overlays on the property.

Property Details:

Address:
25th Street Land across from the Salem Airport
Salem, OR 97302
Price: $4,067,000 ($7.50/SF)
Available SF: Approx. 12.45 acres (542,322 SF) on four tax lots
Zone: IC (Industrial Commercial)
Type: Industrial, Land, Retail
Term: Sale
Broker: Terri Frohnmayer

3.24 Acres Retail / Mixed Use Development Land

FEATURES
• Ideal development location within minutes of access to I-5 and downtown Salem and is serviced by City of Salem water and sewer, PGE and Northwest Natural.

• Traffic counts on Portland Rd. in this area average 10,000 - 20,000 cars per day while nearby Silverton Rd. averages 20,000 - 40,000 cars per day.

• Located in the North Gateway Urban Renewal Area whose mission is to attract aesthetically pleasing, job producing private investments and public improvements that will improve and stabilize property values and create a healthy and visually attractive northern gateway to Salem - Oregon’s Capitol City.

• Also located in an area of growth that includes: a Walgreen’s, Center 50+ (Salem Senior Center) and the Salem Kroc Center.

Property Details:

Address:
3350 Portland Rd. NE
Salem, OR 97301
Price: $1,835,000.00
Available SF: Lot 1: 1.333 AC | Lot 2: 1.907 AC
Zone: CR (Commercial Retail)
Type: Land, Retail
Term: Sale
Broker: Terri Frohnmayer

32.5 Acres RM Zoned Development Ground

  • Approx. 32.5 acres of medium density residential (RM) zoned development land.
  • Property currently consists of 33.93 acres, but the property to be sold is land only and does not include the residence, garage, and the barn, which are estimated at 1.5 to 2.0 acres.  Property has been annexed into the City of Monmouth with public utilities available upon development (water, storm water and sanitary sewer).
  • The land has some wetlands according to the City of Monmouth and the wetlands will require delineation.
  • Property is partially fenced.
  • Prior to the sale, the residence at 5235 Riddell Rd. will require a partition to separate the residence, garage and barn from the land being sold.

Property Details:

Address:
5235 Riddell Rd.
Monmouth, OR 97361
Price: $1,750,000
Available SF: 1,415,700
Zone: RM
Type: Land, Multi-Family
Term: Sale
Broker: Terri Frohnmayer

3700 River Rd. N

  • Great visibility with River Rd. Frontage
  • Good parking at 4/1000
  • Space consists of four private offices/conference room
  • One ADA Restroom
  • Lobby/reception area
  • New Ownership/Management

Property Details:

Address:
3700 River Rd. N
Keizer, OR 97303
Price: $1.00/SF/mo. NNN
Available SF: 1,221
Zone: CM
Type: Office
Term: Lease
Broker: Jeff Miller

6 Tax Lots - Downtown Redevelopment Opportunity

Six tax lots located in downtown Salem.
Prime location for redevelopment.
Adjacent properties also available for sale.  Call for more details.

Property Details:

Address:
311 & 325 Commercial St. NE and more
Salem, OR 973010
Price: $2,250,000.00
Available SF: 1.03 acres on 6 tax lots
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Terri Frohnmayer

Albany Industrial Portfolio

Four contiguous parcels, centrally located on their individual tax lots, and are positioned in a grid, relatively equidistant from one another.

Each improved with four detached, steel-frame, metal-clad, warehouses that are 80 feet wide x 60 feet deep (4800 SF each) built in 1996.

Builds 1 & 4, 6500/6400:  North buildings are owner-occupied (Direct Flooring Center).  Owner to leaseback at a TBD rate for a TBD term.

Building 3, 6500 is home to Pointe Pest Control, new tenant on a five year term.

Building 2, 5300:  Vacant and ready for owner/user.

Property Details:

Address:
3474 18th Ave. SE, 3486 18th Ave. SE, 1855 Fescue St. SE and 1862 Rye St. SE
Albany, OR 97322
Price: $2,400,000
Available SF: 19,200
Zone: IL
Type: Industrial
Term: Sale
Broker: Joshua Kay

Albany Residential Development Land

PRICE REDUCED!

• Served by all public utilities from the City of Albany: water, storm water and sanitary sewer

• Also served by electricity and natural gas

• Older barn on tax lot #100

Property Details:

Address:
3168 NW 24th Ave.
Albany, OR 97321
Price: $550,000
Available SF: Approx. 6.5 acres on two tax lots
Zone: RS-10 (Residential Single-Family District)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Auto Sales Facility - Tualatin, OR

Auto sales facility in great location in Tualatin, Oregon. 1.64 acres on two tax lots with a 2,200 SF building used as their sales office. Zoning has a conditional use for automotive in the CG Zone. High traffic location and great visibility.

Nice open sales area

One private and two semi-private offices with open cubicles and workspaces.

Can accommodate up to 100 cars for sales lot.

Property Details:

Address:
17793-17835 SW Pacific Hwy
Tualatin, OR 97062
Price: $1,400,000
Available SF: 2500
Zone: CG - Commercial General
Type:
Term: Sale
Broker: Ruth Dana

Candlewood Industrial Park

Approx. 1,344 - 1,440 SF double units.

Includes two man doors, two 12' grade level doors, one 75,000 BTU gas heater and one dedicated 220v, 200 Amp electrical panel.

Unit 1257 has small office and mezzanine storage.

Unit 1275 has small office, mezzanine storage and floor drain.

Unit 1297 is wide open with floor drain.

  • Located in the City of Keizer between Cherry Avenue and Salem Parkway, the property has easy access to I-5 via the Parkway.
  • Located in an IG (General Industrial) Zone
  • Base rent is $0.625/SF/mo. NNN.  NNN's are estimated at $0.10/SF/mo.

Property Details:

Address:
1257, 1275 & 1297 Candlewood Dr. NE
Salem, OR 97303
Price: $$1,044/mo.
Available SF: 1,344 - 1440 SF +/-
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller