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Listing provided courtesy of SVN COMMERCIAL ADVISORS, LLC: 503-588-0400.

4656 Commercial SE

Salem, OR 97302
  • $3,200,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 834695
UPDATED: 46 min ago
$3,200,000
  • 0
    BEDS
  • 1.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,292
    SQFT
  • $283
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1994
County:

School Ratings & Info

Listing provided courtesy of SVN COMMERCIAL ADVISORS, LLC: 503-588-0400. Listing information © 2025 Willamette Valley Multiple Listing Service



Description

The Original Pancake House in South Salem has been an iconic breakfast & lunch spot for over three decades. Originally started in Portland in 1953, this location was opened in 1994 and has had a waiting list for a table ever since. Original Pancake House now operates in 20 states throughout the US. In 1997, the owners of this location built two additional buildings, with six(6) suites on the back half of the property that have been occupied by the same tenants ever since. Anchored by a UPS Store, other uses include chiropractic, beauty salon, travel agency, insurance, and rare coins and metals.* Seven-tenant retail/office complex* All tenants have been original since 1997* Most roofs and HVAC systems have been updated* New owner upside

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Willamette Valley MLS logo © 2025 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. Data last updated: 2025-11-13T14:08:50.76.
www.suelongrealty.com/homes/169114732
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4656 Commercial SE Salem, OR 97302

  • Price: $3,200,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 46 min ago
  • MLS #: 834695
0
Beds
0
Baths
0
½ Baths
1.33
Acres
11,292
SQFT
$283
$/SQFT
1994
Built
Neighborhood:
40 SOUTHEAST SALEM
County:
Marion
Area:
40 SOUTHEAST SALEM
Property Description
The Original Pancake House in South Salem has been an iconic breakfast & lunch spot for over three decades. Originally started in Portland in 1953, this location was opened in 1994 and has had a waiting list for a table ever since. Original Pancake House now operates in 20 states throughout the US. In 1997, the owners of this location built two additional buildings, with six(6) suites on the back half of the property that have been occupied by the same tenants ever since. Anchored by a UPS Store, other uses include chiropractic, beauty salon, travel agency, insurance, and rare coins and metals.* Seven-tenant retail/office complex* All tenants have been original since 1997* Most roofs and HVAC systems have been updated* New owner upside
Property Features

Commercial Type Retail Cross Street Crowley Ave SE New Construction No Source Of Square Feet County Zoning MU-III

© 2025 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2025 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. Data last updated: 2025-11-13T14:08:50.76.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of SVN COMMERCIAL ADVISORS, LLC: 503-588-0400. Listing information © 2025 Willamette Valley Multiple Listing Service