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Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV: 503-588-3508.

408 Lancaster NE

Salem, OR 97301
  • $1,825,000
  • STATUS: Active
  • ON SITE: 456 Days
  • MLS #: 802235
$1,825,000
  • 0
    BEDS
  • 0.81
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,120
    SQFT
  • $225
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV: 503-588-3508. Listing information © 2024 Willamette Valley Multiple Listing Service



Description

Investor/Owner User office complex for sale. Currently buildings are fully leased, however suite 408, which is a dental building will be vacant as of May 1, 2023. This complex would be a great location for a medical or dental buyer to use as their own clinic while having income from the other two buildings. Suite 410 and 412 have recently been remodeled and include updated interiors, new roofs and HVAC. Call for more information.

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Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-05-26T00:09:16.837.
www.suelongrealty.com/homes/137240552
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408 Lancaster NE Salem, OR 97301

  • Price: $1,825,000
  • Status: Active
  • On Site: 456 Days
  • MLS #: 802235
0
Beds
0
Baths
0
½ Baths
0.81
Acres
8,120
SQFT
$225
$/SQFT
Neighborhood:
35 SUBURBAN E SALEM/SOUTH
County:
Marion
Area:
35 SUBURBAN E SALEM/SOUTH
Property Description
Investor/Owner User office complex for sale. Currently buildings are fully leased, however suite 408, which is a dental building will be vacant as of May 1, 2023. This complex would be a great location for a medical or dental buyer to use as their own clinic while having income from the other two buildings. Suite 410 and 412 have recently been remodeled and include updated interiors, new roofs and HVAC. Call for more information.
Exterior Features

Access Paved Approx Lot Dimensions 199x177 Building1 Info 2496 sf Building2 Info 2880 sf Building3 Info 2744 sf Frontage Feet 177 Parking Spaces 45 Railroad No Signage Yes View Territorial

Interior Features

Heating Central ACForced Air

Property Features

Adjusted Gross Income 149644 Assessments Or Liens No Cap Rate 6.74 Cash On Cash 5.1 Commercial Type Office Confidentiality Agreement Required No Cross Street Monroe Expenses Actual Or Projected Projected Flood Plain Unknown Gross Sched Income 152698 High Speed Comm Access Available Insurance 2340 Janitor Lawn 2400 Maintenance 800 Mgmt Acct 0 Miscellaneous 0 Net Income 27825 New Construction No Owner Managed Yes Owner Occupied No Parking Ratio Per1000 SF 6 Property Taxes 9794 Property Use Type InvestmentOwner-User Seller To Do1031 Yes Sewer CitySeptic Source Of Square Feet Owner Suitable For Office Medical OfficeOffice Building Tax Amount 9599 Tax Years 2022 Tenancy Multiple Terms Seller Will Consider CashConventional Total Expenses 26583 Vacancy Credit Loss 3054 Water CityConnected

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-05-26T00:09:16.837.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV: 503-588-3508. Listing information © 2024 Willamette Valley Multiple Listing Service