Listed by First Commercial Real Estate Services
$2,795,000
2425 25th Street SE
Details
APN 582575
Property Type Industrial, Retail
Sub Type Flex
Square Footage 15,000
Units 2
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class B
Year Built 1977
Year Renovated 2020
Stories 1
Acreage 1.250
Zoning IC
Parking Spaces 50 spaces
Parking Per SqFt 3.33
15,000-square-foot multi-tenant retail/flex building situated on a highly visible 1.25 ac corner lot
Marketing description
We are pleased to present 2425 25th Street SE, a 15,000-square-foot multi-tenant retail/
flex building situated on a highly visible 1.25 acre corner lot in Salem, Oregon. Located
at the signalized intersection of 25th Street SE and McGilchrist Street SE, the property
offers exceptional exposure in a densely trafficked industrial and commercial corridor just
minutes from the Salem Municipal Airport and I-5.
Investment highlights
- Qualified Opportunity Zone: Located within a designated Opportunity Zone, offering potential buyers significant federal tax advantages, including capital gains deferral and reduction for long-term holds.
- Strategic Location: Positioned on a prominent corner in Southeast Salem, the site benefits from strong daily traffic counts, easy access to major regional arterials, and proximity to Salem’s industrial sectors.
- Flexible Footprint: The versatile flex-shell construction allows the building to be easily adapted for standard light industrial, showroom, or continued retail/entertainment uses, catering to a broad pool of prospective tenants.
- Current Configuration: Demised for two primary interior tenants (a brewery and a restaurant/ arcade) with high-value infrastructure including commercial kitchen build-outs, roll-up doors, and heavy power, plus a dedicated pad for a food truck operator.
Listing Contacts
Listed by First Commercial Real Estate Services
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