Blum Real Estate

Courtesy: GALL REAL ESTATE SERVICES LLC

For more information on this listing, please contact...

  • Price:

    • $1,250,000

  • Listing #:
    • 786281
  • Class:
    • Commercial
  • Type:
    • Office
  • Status:
    • Active
  • Apx. Sqft.:
    • 6297
  • Address:
    • 861 Liberty (-871) St
  • City:
  • County:
    • Marion
  • Area:
    • 20 Central Salem
  • State:
    • OR
  • Zip:
    • 97303

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Description

Fully leased, multi building assemblage conveniently located just North of downtown. Two office buildings plus a rental house with on-site parking. Beautiful wood flooring and accents, interiors have superbly updated. City has proposed a Zone change to allow a wider variety of uses in this area, additionally, the property is located in the Downtown Opportunity Zone.
  • 1
    • Siding:
      • - Wood
    • Building 1 Info:
      • - 3
      • - 056 Sf Office Building
    • Building 2 Info:
      • - 2.446 Sf Office Building
    • Building 3 Info:
      • - 775 Sf Residential Rental
    • Suitable For Office:
      • - Institutional / Gov
      • - Medical Office
      • - Office Building
  • 2
    • Property Use Type:
      • - Any Use-all The Following
    • View:
      • - Territorial
    • Water:
      • - City
      • - Connected
    • Access:
      • - Paved
    • Approx Lot Sqft:
      • - 16553
    • Frontage Feet:
      • - 110
    • Fenced:
      • - Partial
    • Outbuildings:
      • - Other (refer To Remarks)
    • Signage:
      • - Yes
    • Trailer Parking:
      • - No
    • Parking Ratio/1000:
      • - 3
    • Sewer:
      • - City
    • Maintenance:
      • - 4932
    • Railroad:
      • - No
  • 3
    • Gross Sched Income:
      • - 108734
    • Adjusted Gross Income:
      • - 103298
    • Net Income:
      • - 81383
    • Cap Rate:
      • - 6.5
    • Expenses - A Or P:
      • - Actual
    • Insurance:
      • - 1606
    • Total Expenses:
      • - 21617
    • Vacancy & Credit Loss:
      • - 5436
    • Exclusions:
      • - Tenants Personal Property
    • Owner Occupied:
      • - No
    • Owner Managed:
      • - Yes
  • Miscellaneous
    • Days On Market:
      • - 579
    • Agency Type:
      • - Exclusive Right To Sell
    • High Speed Communications:
      • - Present
    • Price Per Sqft:
      • - 198.51
    • Price Per Acre:
      • - 3289473.68
    • Taxes:
      • - 10147
    • Tax Year:
      • - '21-'22
    • Property Taxes:
      • - 10147
    • Tenancy:
      • - Multiple
    • Terms Seller Will Conside:
      • - Cash
      • - Conventional
    • Seller To Do 1031:
      • - Yes
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For more information on this listing, please contact...