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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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SOLD! South Salem Office

This property SOLD to an owner/user and we are thrilled for both the Buyer and Seller.  Keep an eye out for new signage and who bought this terrific location for their business!

Terri Frohnmayer represented the Seller and Jeff Miller represented the Buyer in this transaction.

Property Details:

Address:
110 Salem Heights Ave. S.
Salem, OR 97302
Price: $CONFIDENTIAL
Available SF: 3,039 SF on 0.25 acre
Zone: CO (Commercial Office)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

SOLD: Commercial Street Professional Office

FEATURES
• Professional office building located on busy Commercial St. SE located just to the south of City Hall and within walking distance of downtown.

• Space is currently comprised of a nice sized reception/waiting area, numerous private and windowed offices, open landscape area, employee break area and two restrooms.

Property Details:

Address:
735 Commercial St. SE
Salem, OR 97301
Price: $CONFIDENTIAL
Available SF: Approx. 3,588 SF
Zone: CR (Commercial Retail)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

SOLD: NE Salem Industrial Development Land

FEATURES
• Great development opportunity with excellent I-5 access both north and southbound
• Site is served by all public utilities located in Blossom Drive
• Industrial General Zone allows for a large variety of industrial uses.
• The property is also located within the North Gateway Urban Renewal area within an area of new industrial development

 *Tax parcels shall be partitioned by the Seller to create one new smaller tax parcel totaling approximately 1.0 acre. Survey in process to determine actual acreage.

Property Details:

Address:
3100 Block Blossom Dr
Salem, OR 97305
Price: $CONFIDENTIAL
Available SF: Approx. 1.0 acres (43,763 SF)
Zone: IG (Industrial General)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

SOLD: South Salem Church & Property

FEATURES
• Tax lot R72003 is 4.09 acres and R72006 is 2.89 acres.
• On-site well and septic system.
• Public utilities available at Sunnyside Road. Property is located within City of Salem.
• There are approximately 0.56 acres of wetlands identified on the property.
• 9,289 SF building is currently being utilized as a church.

Property Details:

Address:
6994 Sunnyside Rd. SE
Salem, OR 97306
Price: $CONFIDENTIAL
Available SF: Approx. 6.98 acres on two tax lots
Zone: RA (Residential Agriculture)
Type: Land, Other
Term: Sale
Broker: Terri Frohnmayer & Joshua Kay

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: $1,999,000.00
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

2 Special Ag. Zoned Lots

FEATURES
• Lots are to be sold together. Each lot is approximately 1.58 acres (68,825 SF).
• This is a restrictive zoning classification which requires agricultural production of a minimum $80,000 per year in order to qualify for a “farm” dwelling. The small warehouse building on lot 300 is concrete slab on grade, wood framed, with metal siding and is approximately 1,980 SF with 4 grade level roll-up doors.

Property Details:

Address:
Lots 100 & 300 on Wickiup Street SE
Salem, OR 97317
Price: $89,000.00 ($0.65/SF)
Available SF: Two lots approximately 3.16 acres total
Zone: SA (Special Agriculture)
Type: Land
Term: Sale
Broker: Terri Frohnmayer & Joshua Kay

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

54 Acres Residential land

SIZE
Approximately 53.98 acres of residential development land.

FEATURES
Adair Village is a portion of the Corvallis Metropolitan Statistical Area (MSA). Generally, the neighborhood is bound by the Adair Village city limits on the north, south, and east and Pacific Highway W (Highway 99W) on the west. The area is served by all public utilities, including water, sewer, electricity, natural gas, telephone, and cable television. Police and fire protection are provided by the City of Adair Village.

Property Details:

Address:
Adair Village
Salem, OR 97330
Price: $5,900,000.00 ($109,300/acre)
Available SF: Approx. 54.98 acres
Zone: High Density - R3 (Residential)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

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 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

• 6.5 acres of development land

• A residential dwelling on one half acre (lot #202)

• Older barn on tax lot #100

Property Details:

Address:
3168 NW 24th Ave.
Albany, OR 97321
Price: $995,000.00
Available SF: Approx. 7 acres on 3 tax lots
Zone: RS-10 (Residential Single-Family District)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Astoria Professional Office

FEATURES
•Building was most recently utilized as a daycare.  Includes break area, storage area, three restrooms and multiple open work areas
• Well suited for owner-user but can also be demised to accommodate up to two tenants
• Site is centrally located within walking distance of Marine Drive and old town Astoria
• 18 on-site parking spaces with street parking also available

Property Details:

Address:
279 6th Street
Astoria, OR 97103
Price: $418,000.00
Available SF: Approx. 2,886 SF on 0.22 acres (two tax lots)
Zone: C-4 (Central Commercial)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

Center View Estates & Development Land

Center View Estates, (outlined in red) developed in 1995, is an attractive and quiet 55+ manufactured home community with common areas well maintained by the association. Center View Estates includes 22 manufactured home lots of which 3 lots are under fee simple ownership of the unit owners and the remaining 19 lots are under fee simple ownership of the Seller and currently 18 lots are rented to unit owners.

Development Land (outlined in yellow) is comprised of 3 tax parcels, approximately 4.24 acres plus a shop building of approx. 3,330 SF. Owner prefers to sell Center View Estates and Land together, but will consider selling separately.

Property Details:

Address:
604-698 Royalty Circle NE & 4696 Center St. NE
Salem, OR 97301
Price: $2,000,000.00
Available SF: Center View Estates: 3.32 acres | Land: 4.24 acres
Zone: RS (Residential Single-Family) & MF (Multi-Family Res)
Type: Land, Other
Term: Sale
Broker: Terri Frohnmayer

Development Land Near I-5

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”

Property Details:

Address:
2411 Delaney Rd. SE
Salem, OR 97306
Price: $950,000.00
Available SF: 4.76 acres of development land
Zone: ID (Interchange District)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Downtown Redevelopment Opportunity

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.

Property Details:

Address:
345, 355, 365 Commercial St. NE & 360 Front St. NE
Salem, OR 97301
Price: $1,550,000.00
Available SF: Approx. 30,986 SF of improvements on 1.10 acres (4 tax lots)
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Terri Frohnmayer

Downtown Salem Restaurant | Retail Opportunity

• Currently outfitted for a commercial restaurant space with seating for 80 in the dining area and an additional 80 seats in the event/banquet space.
• Kitchen is fully operational with range and good, walk-in cooler and food prep stations.
• Property is located in the Riverfront Downtown Urban Renewal Area and eligible for grant financing.

Property Details:

Address:
440 State Street
Salem, OR 97301
Price: $699,000.00 | $0.80/SF/Mo. - MG
Available SF: Approx. 9,384 SF building on approx. 0.14 acre
Zone: CB (Central Business District)
Type: Retail
Term: Sale, Lease
Broker: Terri Frohnmayer & Joshua Kay

Edgewater Marina

FEATURES:
• Beautiful West Salem river front property

• Access to the property is from Edgewater Street when traveling west from Salem and from State Highway 22 when traveling east.

• Site has been approved for commercial development known as the Edgewater Marina.

• Next to the eastern edge of the property is the Willamette University Boat House and Dock. The access road to the boat house and dock is from Edgewater Street and will be shared with the property (uplands portion).

Property Details:

Address:
1700-2400 Edgewater St. NW
Salem, OR 97304
Price: $375,000.00
Available SF: Approx. 31 net buildable acres on the river front
Zone: CG (Commercial General)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Elmira Residence & Commercial Investment Opportunity

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 Details:

Address:
88921 Territorial Hwy. SE
Elmira, OR 97437-9752
Price: $395000.00
Available SF: 1,200 SF residence & 2,114 SF shop/retail bldg on 1.02 acres
Zone: RC (Rural Commercial)
Type: Other, Retail
Term: Sale
Broker: Joshua Kay

Former Group Care Facility

Property consists of 0.27 acre which includes an approx. 4,530 SF 3 level residential dwelling.
Includes attic storage area of approx. 560 SF and a detached garage, approx. 440 SF.

Property Details:

Address:
425 14th Street NE
Salem, OR 97301
Price: $595,000.00
Available SF: Approx. 4,530 SF on 0.27 acre
Zone: RH (Multiple Family Residential High-Rise Residential)
Type: Multi-Family
Term: Sale
Broker: Terri Frohnmayer