1320-1350 NE Madison Street

Salem, OR

Office for Sale - $565,000 - 2,460 Sq. Ft.


Agent Info

Alex Rhoten

Property Info

CIMLS#1115922
Location
  1320-1350 NE Madison Street
  Salem OR 97301
UpdatedNovember 15th, 2022
TypeOffice
Price$565,000
Building2,460 Sq. Ft.

Property Description

Investment property or future owner-occupied building for sale. Parking is shared with neighboring business via a parking agreement. The neighboring business intends to install a fence down the center of the lot to separate parking (see diagram in flyer). This well-maintained office building was built in 1956, and was beautifully renovated completely in 1996 from the foundation up. It was recently updated with new paint. Suites 1320-1340 are occupied with three month-to-month tenants. The end space tenant, Suite 1350, near Madison Street is signed for a year lease.

This property is located between NE Capitol and NE 17th St, providing easy access to I-5 via Market St or Portland Rd.

** Waiting on complete financials and leases. **


Financials



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