3912 Commercial ST SE
Salem, OR, 97302 $ 725,000
Bedrooms-- Baths-- Sq 582 for $725,000. This 582 square foot property was built in 1946 on a lot size of 0.59.
Do Not Disturb Tenant, Customers, or Employees. Appointment Required for All Viewings. Offered for the first time in 34 years, this 0.59 acre two parcel package presents a rare opportunity with existing rental income and future development potential. The property includes approximately 0.45 acres zoned Mixed Use III and approximately 0.15 acres zoned Residential Single Family. The existing tenant occupies the front portion of one parcel and has expressed interest in remaining. The rear portion of that parcel remains undeveloped, while the adjacent parcel includes a single family home. With approximately 70 feet of frontage on Commercial Street and an additional 65 feet of frontage on Oakhill Avenue, the property offers excellent visibility and access. Located among a strong mix of established local and national businesses including Starbucks, Napa Auto Parts, Windjammers, Panda Express, Chipotle, Bo and Vine, Wells Fargo Bank, The Shutterbug, Dairy Queen, and McDonalds. Mixed Use III zoning allows for a variety of permitted uses including multifamily apartments, short term lodging, eating and drinking establishments, office or laboratory space, fuel stations, day care, governmental services, and other similar uses. Buyer to complete their own due diligence regarding zoning, permitted uses, and development potential.
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FeaturesGeneralSewer PublicSewer
Heating Baseboard
Roof Composition
Zoning MU-3
Year Built 1946
Sale Includes Building
Property Subtype Commercial
Tax Year 2025
Current Use FoodService
Parcel Number 584915
Gross Income 39600.0
County Marion
Operating Expense 10000.0
Property Type CommercialSale
HOA N
Status Active
Directions I5 Kuebler exit W on Kuebler N on Commercial
City Salem
MLS Area _173
Lot Size Square Feet 25700.0
Listing Terms Cash Conventional
Tax Annual Amount 7845.0
Lease Type YearsRemaining1to5
Standard Status Active
Accessory Dwelling Unit Y/N N
Leasehold Rent $/Mo 2000.0
Legal Description OAK HILL TRACTS FR LOT 7 BLK 2
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ExteriorRoad Frontage 135
Water Source PublicWater
Number of Buildings 1
Building Area Total 582.0
Lot Dimensions Irregular
Lot Size Acres 0.59
Road Surface Type Paved
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices Real Estate ProfessionalsBroker
markshadrin@bhhsnwrep.comEmail
NearbyAbout Salem, OR 168,164 Population
21% Since 2002
$ 50,756 Median Income
36.86 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/5/2026 | $725,000 | | Listed Price |