Three contiguous tax lots totaling 0.28 acres of commercially-zoned MU-I land in Northeast Salem, improved with two buildings comprising 5,272 square feet. The primary Building at 2380 Fairgrounds Rd NE (4,408 SF, built 1940) is a multi-use building housing three residential apartments and one commercial tenant. The secondary building at 2370 Fairgrounds Rd NE (864 SF, built 1940) is occupied by a commercial tenant. A third parcel at the 1300 block of Smith St NE provides 3,568 SF of supporting site land and parking. All five units are currently occupied.
The property is in the City of Salem’s North Gateway Urban Renewal Area and may qualify for the North Gateway Rehabilitation Grant Program which offers a matching grant for improvements.
