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Listed by RealEstatePDX.com
$1,725,000
Est. payment /mo
6,822 SqFt
Active
1130 ROYVONNE AVE Salem, OR 97302
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,822 sqft
Price per Sqft $252
MLS Listing ID 205055187
Year Built 2007
Annual Tax Amount $27,232
Tax Year 2025
Lot Size 0.910 Acres
Property Sub-Type Commercial
Property Description
Highlands Gardens Retail Center is a retail investment opportunity located at 1120-1130 Royvonne Ave SE in Salem, OR. Our one vacant unit is ready to go as a convenient mart with some excellent equipment included. This property features a strong tenant mix with long-term lease potential and built-in stability. One large vacancy provides upside opportunity for additional income. The property is located in a thriving retail area with strong traffic and growth in the growing Salem corridor. The NNN lease structure helps offset operating expenses and protects returns.MU-III Zoning: The purpose of the Mixed Use-III (MU-III) zone is to identify allowed uses and establish development standards that encourage infill development and redevelopment in mixed-use corridors and centers and promote pedestrian access. The MU-III zone generally allows a variety of retail and office uses, commercial services, and multiple family residential uses.
Location
State OR
County Marion
Area _173
Zoning MU-III
Interior
Heating Forced Air
Exterior
Roof Type Flat
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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