2390 Fairgrounds Rd, Salem, OR
Retail for Sale - $700,000
Agent Info
Kelsi Sands Coldwell Banker Commercial Mountain West Real Estate |
Property Info
CIMLS# | 1176253 |
Location 2390 Fairgrounds Rd Salem OR 97301 | |
Updated | May 24th, 2025 |
Type | Retail |
Price | $700,000 |
Property Description
Investment Opportunity! Recently renovated building with vaulted ceilings and an open
concept. Currently leased to a marajunia retailer through August 31, 2026 with two (2)
Five (5) year options. Lease is NNN, Landlord is currently grossing $49,200 in annual
rent. Tenant has stated they are willing to extend for another 5 year term.
Conveniently situated just a short distance from Interstate 5, the property offers easy
access to regional transportation routes, facilitating seamless connectivity for
commuters and visitors. Additionally, the property is only a few minutes away from
downtown Salem, ensuring proximity to the city's bustling commercial and cultural hub.