3912 Commercial ST SE
Salem, OR, 97302 $ 485,000
Bedrooms-- Baths-- Sq 325 for $485,000. This 325 square foot property was built in 2006 on a lot size of 0.44.
Do Not Disturb Tenant, Customers, or Employees. Appointment Required for All Viewings. Offered for the first time in 34 years, this 0.44 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. The existing tenant has a land lease. The rear portion of this parcel remains undeveloped.With approximately 70 feet of frontage on Commercial Street, 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.
See more
FeaturesGeneralSewer PublicSewer
Heating None
Zoning MU-3
Year Built 2006
Sale Includes Land
Property Subtype Commercial
Tax Year 2025
Current Use FoodService
Parcel Number Not Found
Gross Income 24000.0
County Marion
Operating Expense 8000.0
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 19166.0
Listing Terms Cash Conventional
Tax Annual Amount 6159.85
Property Condition Approximately
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
See more
ExteriorRoad Frontage 70
Parking Features Paved
Water Source PublicWater
Number of Buildings 1
Building Area Total 325.0
Lot Dimensions Irregular
Lot Size Acres 0.44
Road Surface Type Paved
See more
* 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 |
|---|
| 8/13/2026 | $485,000 | | Listed Price |