Properties

Property consists of one tax parcel, approx. 4.76 acres of development land.
Includes 2 older homes and miscellaneous outbuildings.

$199,600 per acre | Sold “As Is”

OFFICE or RETAIL - 260 LIBERTY ST.

Suite 10: (Lower Level) Approx. 11,200 RSF $0.90/SF/Mo. - Full Service (less janitorial)
Lower level is to be taken in “As-Is” Condition.

Suite 200 (Upper Level) Approx. 11,000 RSF (can be demised) $1.85/SF/Mo. - Full Service (less janitorial)
Upper level office space will include a Tenant Improvement Allowance of $30.00/USF for interior improvements such as floor covering, wall paint, demising wall structures, break area, etc. for a financially qualified tenant.

RETAIL or OFFICE - 268 LIBERTY ST.:  Street Level Approx. 2,000 USF  $1.80/SF/Mo. - NNN

In the heart of downtown Salem and across from regional shopping center, Salem Center and Liberty Plaza. Close proximity to Salem area restaurants, shopping, hospitality, entertainment, transit, State and County government offices, Riverfront Park and more.

Property contains two building structures, a primary residence and a two-tenant commercial space. Large lot with surplus property in rear for further development.  Both buildings built in 1936 .  Former gas station decommissioned through DEQ.

PROPERTY DESCRIPTION
• First generation, metal framed with metal siding (currently under construction). Entire property is approximately 3.02 acres (170,155 SF)
• Unit will have 208v 3-phase power, gas heat, fully insulated, three 10’ high grade level doors, clear height of approx. 12’6” to 17’7” at peak and will be serviced with city water and sewer.

• First generation retail space will be constructed of CMU block with glass frontage, metal awnings and a drive-thru.  
• Building can accommodate two or three smaller retail tenants all of which will be served by NW Natural Gas, PGE and City of Salem water/sewer.
• Parking ratio of 5/1,000 SF
• Excellent accessibility to I-5 is only one half (0.5) miles from the Portland Rd. (Hwy. 99) I-5 Interchange.
• Located on the Salem’s Cherriots transit line.
• Listing broker is part of ownership.

• This property has been utilized as a licensed 16 room, 48 bed care facility. 
• Each room is generous in size with access to restroom (sink/toilet), either shared or separate with shared showers/tubs.
• Facility is equipped with full commercial kitchen and large dining area.
• R2 - Residential High-Density Zone
• Built in 1972 with an addition added in 1976 and remodeled in 2001.
• Sale of property does not include any license transfers or rights affiliated with prior healthcare use.

• 200 amp with 208v 3-phase power
• 18' clear height
• Three grade level electric doors - 16'h x 14'w; four man doors
• Gas heat - fully insulated with insulated grade doors
• City water/sewer
• The Landlord is negotiable on the TI packages for an office build-out and will separately meter the building's gas and electricity
• Building will be ready for occupancy August 1, 2018
• Direct access off of Independence Highway (Hwy 51)
• 2 ADA restrooms
• Air compressor and lines

8,658 SF in three buildings

Building 1 - 2,462 SF recently remodeled consisting of office with full restroom and shower, storage area and shop area.

Building 2 - 6,000 SF (40' deep x 150' wide).  Pre-engineered metal building with metal roof and side wall cladding.

Building 3 - 196 SF constructed with solid Mass Plywood Panel framing, metal room and exterior wall cladding.

Property is graveled and fully fenced with an electronic gate system for additional security.

The property is located approximately 30 miles east of the Interstate 5 and Santiam Hwy (Hwy 22) interchange and approximately 10 miles to Detroit Dam or 18 miles to the City of Detroit.

5,844 SF freestanding retail building located on a half acre on a high traffic corner in downtown Independence.  The retail storefront is currently utilized as a convenience store and commercial restaurant.

• New commercial kitchen with stainless steel appliances, hood and grease trap
• 4 walk-in coolers (1 of which is Sub-Zero)
• Recent replacement of roof, compressors and HVAC system.
• Located directly across the street from Riverview Park, home to the 8 week River's Edge Summer Movie and Concert Series
• Adjacent to Riverview Park is the Independence Landing Redevelopment which includes a 75 room hotel, 110 apartments and 14 townhomes.

FEATURES:

Approximately 40.39 total acres consisting of six individual and contiguous tax parcels.

All zoned I (Industrial) 

Please see attached marketing package for more details

INDUSTRIAL WAREHOUSE WITH FULLY FENCED YARD

Historically, this building was home to the Marion County shops. Ideally positioned along Silverton Rd and across from the State Fair Grounds. This industrial building is fully insulated, has a new roof and has newly installed interior heater units. Flexible IG zoning allows for a wide range of uses.  Completely resurfaced.  Newly installed secure perimeter fencing.

Tenant is responsible for: Water, Electricity, Gas, Janitorial, Contents & Liability Insurance, Trash Removal, Real Property Taxes, Interior Building Maintenance and Landscape/Parking Area Maintenance.

3,174 SF retail building on .55 acres currently being used as a restaurant.  This high profile location is positioned between two signalized intersections with easy ingress/egress.  Excellent traffic counts, exceeding 40,000 trips per day in one of Salem's businest corridors.  Surround retailes include Roth's Fresh Market, Subway, Jamba Juice, Five Guys, go Wireless, Zoom Care, Sport Clips and many others.

Approx. 1,000 rentable square feet of open salon/office space. The space consists of open work area, includes one (1) breakroom with washer and dryer hook-ups and sink as well as one (1) storage area with sink and one (1) ADA restroom.

• Four (4) Hair Stations
• Two (2) Washing Stations
• One (1) "Mixing Room"
• All equipment is personal property and can be negotiated to purchase outside of the lease negotiations.\
• NNN's estimated at $0l2853/SF/mo.

$1.85/SF/Month - Modified Gross

• TI allowance of $70/SF for qualified tenant with acceptable terms.
• First class medical or professional office space ready for co-tenant’s design and build out.

NOTES

•  Current floor plans have the first floor at approximately 10,238 gross square feet and the second floor at approximately 7,775 gross square feet.

• Building is elevator served and currently is comprised of six suites.

• Originally constructed in 1981 and has experienced good tenancy throughout the years with both public and private sector tenants

• Centrally located, close to downtown and the Marion St. bridge to West Salem

• Good on-site parking with a ratio of 4 : 1,000 SF

• The Lighthouse, an attractive medical/professional office building visible along Liberty St. SE with Miller St. SE bordering the north.
• The office building is ADA accessible and is approximately 8,960 gross SF with 7,950 RSF. The building consists of two levels with the main level designed
  and improved for medical use, approximately 3,878 SF plus a garage/storage area of 530 SF.
• The second level office space is elevator served consisting of numerous private offices, large conference room, break area, storage capacity and restrooms.
• The first floor is currently leased by Liberty Spine and Pain Clinic, who occupies 4,408 SF. Call listing office for income and expense information.
• The nicely appointed second level is 3,542 RSF and is available for lease or suitable for an owner/user.
  
  

FEATURES
• New retail development located along Commercial Street SE in highly desirable, high-growth South Salem trade area.

• End-cap with drive thru will be considered for qualified tenants. 

• Owners will consider a build-to-suit or ground lease for a single-use tenant such as a bank or quick serve restaurant concept.

• Project will enjoy excellent exposure and signage to busy Commercial St. SE

• High-growth retail trade corridor includes: WalMart, Safeway, Carl’s Jr. Applebee’s, Taco Bell, Burger King, McDonald’s, Columbia Bank, Oregon Community Credit Union and many others.

FEATURES

• Originally built in 1971, the building is undergoing major renovations which include: new roof, siding, HVAC, exterior/interior lighting, exterior/interior paint, carpet, landscape upgrades, fenced parking, ceiling tiles and camera surveillance system.
• The facility is ADA accessible and the second floor is elevator served.
• Located at the north gateway to Salem with convenient access to I-5 only half mile away.

Originally built in 1971, the building has recently undergone major renovations which includes new: roof; siding; HVAC, Exterior/interior lighting; exterior/interior paint; carpet; fenced parking; ceiling tiles; camera surveillance system.

• ADA accessible
• Second floor is elevator served
• Approximately 68 total parking spaces, 46 uncovered parking spaces and 22 covered parking at the north end of the building
• Great I-5 access within one half mile
• Listing broker is part of ownership

PROPERTY DESCRIPTION
Multiple improved office/mixed use buildings currently utilized as a men’s shelter operated and owned by Union Gospel Mission. The building(s) square footage area is approximately 30,986 SF of improvements on 1.10 acres (on 4 tax lots).

Adjacent properties also available for sale.