REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by RealEstatePDX.com
$ 1,725,000
Est. payment | /mo
6,822 SqFt
$ 1,725,000
Est. payment | /mo
6,822 SqFt
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
Featured Listings
Featured Listings
Listed by Pat Patricelli of Vanguard Properties
Listed by Pat Patricelli of Vanguard Properties
Listed by Pat Patricelli of Vanguard Properties