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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: 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: Small Industrial Park Investment

• Located in the city of Keizer between Cherry Avenue and Salem Parkway, the property has easy access to I-5 via the Parkway.  Seller wishes to sell all three tax lots together.

1255 CANDLEWOOD DR. NE, KEIZER (APN: R76714)
• According to Marion County, the real property is 1.98 acres (86,274 SF) of land which contains eight (8) buildings constructed of wood framing, metal siding and metal roofi ng. The eight (8) buildings total approximately 28,320 SF of shop/warehouse space.

1315 CANDLEWOOD DR. NE, KEIZER (APN: R76716)
• According to Marion County, the real property is 0.63 acre (27,636 SF) of land which contains a single family residence.

1335 CANDLEWOOD DR. NE, KEIZER (APN: R76718)
• According to Marion County, the real property is 0.18 acre (7,860 SF) of land which contains a single family manufactured home (single wide).

Property Details:

Address:
1255, 1315, 1335 Candlewood Dr. NE
Keizer, OR 97303
Price: $CONFIDENTIAL
Available SF: Three tax lots which total 2.79 acres
Zone: IG (Industrial General)
Type: Industrial
Term: Sale
Broker: Terri Frohnmayer & Jeff Miller

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

5.84 Acres Multi-Family Riverfront Land

SIZE
Approx. 5.84 acres of multi-family riverfront development land on 5 tax parcels

FEATURES

• Located on beautiful riverfront property east of Bowman Park. The park includes 26 acres of recreational areas which include a boat ramp, river access, fishing, picnic areas, restrooms, shelter and a hiking trail. Adjacent east of the subject property is City of Albany owned land which lies in a Significant Wetland Overlay District (/SW).
• This property is multi-family zoned with the designation RM, Medium Density which requires no greater than 25 units per gross acre.

Property Details:

Address:
595 Geary Street NE
Albany, OR 97321
Price: $REDUCED: Now: $895,000.00
Available SF: Approx. 5.84 acres
Zone: RM (Residential Medium Density District)
Type: Land, Multi-Family
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

• 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: $1100000.00
Available SF: Approx. 7 acres on 3 tax lots
Zone: RS-10 (Residential Single-Family District)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

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 and Cherry Ave. and above entrance to the suite

• Only one suite available for lease. Current tenants: York Custom Mechanical, Salem-Keizer Brazilian Jiu-Jitsu and Senior Boomer News.

Property Details:

Address:
4120-4122 River Rd. NE & 4155-4159 Cherry Ave. N.
Keizer, OR 97303
Price: $1,125,000.00 | $0.70/SF/Mo. MG
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

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

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: $720,000.00 | $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

Industrial Bare Ground

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

Property Details:

Address:
Monmouth Cut Off Rd & Godsey Rd.
Salem, OR 97338
Price: $2318437
Available SF: 40.39 total acres on 5 tax parcels
Zone: I (Industrial)
Type: Industrial, Land
Term: Sale
Broker: Terri Frohnmayer & Jeff Miller

Large Building in Downtown Dallas Urban Renewal District

FEATURES
• This downtown Dallas, OR retail property is within the favorable CBD zone and will support a wide variety of uses, including retail, office and medical
• A former grocery store, this building has an open floor plan and is located one block from City Hall
• Grade level 9’ roll-up door with storage
• There is a 2nd floor level of approximately 8,500 SF
• Parking Ratio: 4/1,000 SF (48 parking spaces)
• Located in the City of Dallas, Urban Renewal District

Property Details:

Address:
121 SW Oak Street
Salem, OR 97338
Price: $355000.00
Available SF: Approx. 12,138 SF building on 0.72 acre
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Joshua Kay

Madrona Office Campus

DESCRIPTION:  Beautifully designed office campus with two remaining office buildings with approximate square footage as follows:

Building 2 - 6,880 SF       Building 3 - 5,767 SF

FINANCING OPTIONS
1. Seller will carry contract   2. Seller will carry a second to be used as a Buyer’s down payment    3. Lease with purchase option

LAND PURCHASE ALSO AVAILABLE:

Lot 1000  Approx. 0.66 acre (28,858 SF)   $476,000 ($16.50/SF)

Lot 900   Approx. 0.49 acre (21,468 SF)    $354,000 ($16.50/SF)

Property Details:

Address:
2045 Madrona Ave. SE
Salem, OR 97302
Price: $240/SF with generous interior improvement package.
Available SF: 5,767 SF & 6,880 SF
Zone: IC (Industrial Commercial)
Type: Land, Office
Term: Sale
Broker: Terri Frohnmayer

McNary Square Professional Offices

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

Property Details:

Address:
750 Front Street NE
Salem, OR 97301
Price: $1,950,000.00 | $1.32-$1.40/RSF/Mo. - FS
Available SF: 18,013 Gross SF on 1.24 AC | 618 RSF - 6,136 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer