• Duplex Style South Salem Office - 2763 12th St. SE, Salem, OR 97302

For Sale

Office

For Sale

This property is available for sale
0.21
Acres
$439,000
Sale Price
  • Year Built
    1967
  • Total Building Size
    2,762 RSF
  • Overview

    The 12th Street corridor is the secondary arterial from South Salem to Central Salem and was recently improved and widened by the City. It is in an area of growing medical developments as it sits just 1 mile south of the hospital. Outstanding visibility. This duplex style building can be used as one single office -or- was designed as two side by side suites. Buyer could occupy one side and rent the other. Building was constructed in 1967 and has not been substantially remodeled but with the high cost of new construction this is a rare opportunity to buy an existing building in this size range and remodel it with a total investment far less than building. The City of Salem has .44 acres adjacent to the subject property that was acquired via condemnation during their recent street widening. Combined with the subject property this could also make a very unique development opportunity. Inquire with listing broker for more information. The City of Salem is scheduled to liquidate the contiguous property to the south via sealed bid auction. The information can be found at www.cityofsalem.net/Pages/12th-street-se-property.aspx

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Property Details

The 12th Street corridor is the secondary arterial from South Salem to Central Salem and was recently improved and widened by the City. It is in an area of growing medical developments as it sits just 1 mile south of the hospital. Outstanding visibility. This duplex style building can be used as one single office -or- was designed as two side by side suites. Buyer could occupy one side and rent the other. Building was constructed in 1967 and has not been substantially remodeled but with the high cost of new construction this is a rare opportunity to buy an existing building in this size range and remodel it with a total investment far less than building. The City of Salem has .44 acres adjacent to the subject property that was acquired via condemnation during their recent street widening. Combined with the subject property this could also make a very unique development opportunity. Inquire with listing broker for more information. The City of Salem is scheduled to liquidate the contiguous property to the south via sealed bid auction. The information can be found at www.cityofsalem.net/Pages/12th-street-se-property.aspx

  • Property Type
    Office
  • Submarket
  • Year Built
    1967
  • Sale Price
    $439,000
  • Total Building Size
    2,762RSF
  • Total Acres
    0.21
  • Building Class
    C
  • Sale Status
    Available
  • Property ID
    2181580

Landlord's Sales Representatives

  • Curt Arthur, SIOR
    SVN | Commercial Advisors, LLC
     
  • Nick Williams
    SVN | Commercial Advisors, LLC