1. Oregon
  2. Salem
  3. 725 Shipping St NE
$890,000

725 Shipping St NE, Salem, OR 97301

  • 10,260 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $87/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Mixed-Used (MU-II) zoning has opened up many possibilities for this property. The 5,170 square-foot second story houses a ballroom, restrooms, full bar, kitchen, and storage. The 5,090 square-foot main level contains a "lounge", full bar, offices, kitchen, dining area, restrooms, and meeting rooms. A fenced and graveled storage yard could be used for parking, outdoor dining, food trucks, or new construction. Ideas for the existing building include a 12-unit apartment building (site plan has been approved), microbrewery or taphouse, coffee, event center, restaurant, bar, etc. The ballroom is still regularly being used, but the building will require significant improvements to utilize all areas. The Seller is open to a traditional sale and also is open to discussing creative partnerships or development ideas.

Listing Status:
Active
Listing Office:
KITHKIN REAL ESTATE : 503-400-7730
Listing Agent:
BRANDON FAHLMAN : 503-930-2786
MLS ID:
825699
  • Roofing: See Remarks
  • General: See RemarksSlab

This listing courtesy of BRANDON FAHLMAN, KITHKIN REAL ESTATE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Grant Community School

725 Market St NE, Salem, OR, 97301

Grades PK-5

0.17 miles away

P

Parrish Middle School

802 Capitol St NE, Salem, OR, 97301

Grades 6-8

0.51 miles away

N

North Salem High School

765 14th St NE, Salem, OR, 97301

Grades 9-12

0.61 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.