3912 Commercial St SE Salem, OR 97302
Other
MLS #: 703715454
Courtesy Of Berkshire Hathaway HomeServices Real Estate Professionals
Property InformationDescription
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.
Features
- Age: 11-20 Years Old
- Legal Description: OAK HILL TRACTS FR LOT 7 BLK 2
- MLSID: 703715454
- View Type: City
MAP & DIRECTIONS
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