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28340507
26855260

300-390 Liberty St SE, Salem, OR 97301

CA
OR 910200259
Capacity Commercial Group
NW
OR 201230204
Capacity Commercial Group
TS
OR 200510305
Capacity Commercial Group
Listed by Capacity Commercial Group
$5,950,000
268 days on market
Updated 30 days ago
Opportunity zone

Pringle Park Plaza

Details
APN 589097, 589098, 589099, 589105, 589107
Property Type Office, Retail
Sub Type Restaurant
Square Footage 61,521
Cap Rate 7.29%
Occupancy 98%
Tenancy Multi
Class B
Year Built 1977
Buildings 4
Stories 2
Acreage 2.620
Zoning CBD
Occupancy Date 09/08/2025

Fully Leased Investment 7.29% Cap $433,686 NOI Salem, OR

Marketing description

Situated in the heart of downtown Salem, the Pringle Park Plaza property offers a strategic location surrounded by a diverse mix of dining, retail, office, and entertainment options. Its close proximity to popular attractions, including the Oregon State Capitol, Willamette University, Bush Park, and Pringle Park, enhances its appeal for potential retail and office investors. With convenient access to major transportation routes, this asset continues to present an attractive proposition for property owners seeking a well-positioned investment in Salem's bustling market.

This downtown Salem property presents a compelling investment opportunity with a total building area of 61,521 SF (52,845 SF NRA) across 22 units in 4 buildings. The fact that it's zoned Central Business District in the heart of Salem and is sitting at full occupancy, puts the property in a position as a highly desirable asset for retail and/or office investors. The property is at 99% occupancy with substantial upside in rents, making this an investment with tremendous upside potential.

Investment highlights

61,521 Total Building SF

Building A 16,908 SF

Building B 19,699 SF

Building C 20,178 SF

Building D 4,736

22 units

Zoned CBD - Central Business District

Located in the heart of downtown Salem

Listing Contacts

CA
OR 910200259
Capacity Commercial Group
NW
OR 201230204
Capacity Commercial Group
TS
OR 200510305
Capacity Commercial Group
Listed by Capacity Commercial Group

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Additional Information

Name
Curt Arthur
License
910200259
Brokerage
Capacity Commercial Group
Name
Nick Williams
License
201230204
Brokerage
Capacity Commercial Group
Name
Toran Schmidgall
License
200510305
Brokerage
Capacity Commercial Group
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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