Listed by Hancock Real Estate
$605,000
1200 Hawthorne Ave NE
Details
APN 0375G
Property Type Retail, Office
Sub Type Shopping Center, Traditional Office
Square Footage 7,200
Cap Rate 8.50%
Tenancy Multi
Class B
Buildings 1
Acreage 0.550
Zoning CR
Investment Type Stabilized
Ground Lease No
Retail Leased Investment | 8.5% CAP | 7,200 SF
Marketing description
Leased 7,200 SF multi-tenant retail strip center situated on 0.55 acres and offered as an investment opportunity. The property provides stable cash flow through multiple established tenants and is available at an 8.5% cap rate. Well-positioned along a commercial corridor with strong visibility, convenient access, and on-site parking.
The property offers convenient access to downtown Salem and Interstate 5, which is less than one mile away. The property benefits from a central location near government offices, professional services, retail amenities, and established residential neighborhoods, providing excellent accessibility for both employees and clients.
Investment highlights
- Leased retail building
- 7,200 SF
- 0.55 ac
- Cap rate: 8.5%
- List price: $605,000
Listing Contacts
Listed by Hancock Real Estate
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