1230 State St - Restaurant FOR SALE


Salem, OR 97301
$1,900,000 USD
503-400-7851
1230 State St, Salem, OR for Sale
$1,900,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

1230 State St
Salem, OR 97301


HIGHLIGHTS

  • Full interior renovation completed in 2023
  • Close proximity to substantial employers
  • Buyer pool is growing with diminishing pressure on interest rates

OVERVIEW

Introducing 1230 State St, a prime investment opportunity for retail and restaurant ventures. This historic 5,880 SF property, built in 1928 and fully renovated in 2023, presents a compelling combination of vintage charm and modern amenities. Zoned MU-I, it offers versatile potential in Salem's thriving area. With a single unit, this property provides an ideal canvas for a unique establishment. The full interior renovation offers a turnkey solution for savvy investors, while its proximity to significant employers ensures a growing buyer pool. With interest rates easing, now is the time to seize this exceptional commercial venture.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1230 State Events & Catering

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MU-I

APN/PARCEL ID

595155

ASK ABOUT THIS PROPERTY

Nick Williams, CCIMSVN | Commercial Advisors, LLCMore Info
503-400-7851

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Nick Williams, CCIMSVN | Commercial Advisors, LLCMore Info
503-400-7851

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.