2390 Fairgrounds Rd NE, Salem, OR 97301

4,068 sqft

Commercial Property
Built in 1928
0.36acre lot
—— car garage
$172/sqft
Listed 5 months ago

Property Description

Investment Opportunity! Recently renovated building with vaulted ceilings and an openconcept. Currently leased to a marajunia retailer through August 31, 2026 with two (2)Five (5) year options. Lease is NNN, Landlord is currently grossing $49,200 in annualrent. Tenant has stated they are willing to extend for another 5 year term. Conveniently situated just a short distance from Interstate 5, the property offers easyaccess to regional transportation routes, facilitating seamless connectivity forcommuters and visitors. Additionally, the property is only a few minutes away fromdowntown Salem, ensuring proximity to the city's bustling commercial and cultural hub.

Listing Status:: Active
Listing Office:: COLDWELL BNKR/COMMERCIAL DIV : 503-588-3508
Listing Agent:: KELSI SANDS :
MLS ID:: 829065

Originating MLS: Black Knight 2 - Willamette Valley Multiple Listing Service
County: Marion

Source: Black Knight 2 - Willamette Valley Multiple Listing Service

This listing courtesy of KELSI SANDS, COLDWELL BNKR/COMMERCIAL DIV

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Highland Elementary School

530 Highland Ave NE, Salem, OR, 97301

Grades PK-5

0.59 miles away

Jane Goodall Environmental Middle Charter School

999B Locust St NE, Salem, OR, 97301

Grades 6-8

0.55 miles away

North Salem High School

765 14th St NE, Salem, OR, 97301

Grades 9-12

1.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.