725 Shipping St NE - Specialty FOR SALE


Salem, OR 97301- Grant
$1,000,000 USD
503-930-2786
725 Shipping St NE, Salem, OR for Sale
$1,000,000 USD
Specialty - FOR SALE
1/22
null | Request Cap Rate

725 Shipping St NE
Salem, OR 97301
Grant


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Salem Columbus Club

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Religious Facility

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RS

APN/PARCEL ID

584674

ASK ABOUT THIS PROPERTY

Brandon FahlmanKithkin Real EstateMore Info
503-930-2786

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Brandon FahlmanKithkin Real EstateMore Info
503-930-2786

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