Downtown Professional Office For Sale – Center Point

475 Cottage Street Northeast, Salem, OR, USA

Unique opportunity to acquire an office building for a user seeking approximately 5,500SF for owner-occupancy. This two-story, urban office building with off-street parking has additional tenants providing income in support of the asking price. The estimated stabilized value of the building is $5,200,000 once the vacant space is filled with a tenant paying market rents.  The asking price of $4,775,000 leaves over $400,000 of consideration for a buyer to carry the asset while sourcing a tenant or having cushion to complete a remodel of the space to suit the specifications of the user.

Property Details

  • Property Type(s): Office
  • Price: $4,775,000
  • Available: 23,202
  • Zone: CB

Listing Agent

Jennifer Martin & Tanner Morgan

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