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    1160 Liberty SE

    Salem, OR 97302
    • $1,890,000
    • STATUS: Active Under Contract
    • ON SITE: 43 days
    • MLS #: 779230
    Under Contract
    UPDATED: 16 min ago
    $1,890,000
    • 0
      BEDS
    • 0.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,934
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Premiere Property Group, Llc

    Description

    Accepted Offer with Contingencies. Calling all investors! Office/Medical building in excellent location near Bush Park and downtown Salem with abundant on-site parking plus multiple ingress/egress. Fully leased single-tenant medical clinic with longterm NNN lease and 3% annual increases making projected 6.4% CAP for coming year. Current lease runs into 2026 with two 5-year renewal options that Tenant expects to use. Recent $1M remodel including ADA access, HVAC, electrical, plumbing, flooring, bathrooms and upstairs office area.

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    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Integrity. Data last updated: 2021-07-31T10:08:52.587.
    www.oregonhomefinders.com/homes/118396451
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    1160 Liberty SE Salem, OR 97302

    • Price: $1,890,000
    • Status: Active Under Contract
    • Updated: 16 min ago
    • MLS #: 779230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.65
    Acres
    8,934
    SQFT
    $212
    $/SQFT
    Neighborhood:
    40 SOUTHEAST SALEM
    County:
    Marion
    Area:
    40 SOUTHEAST SALEM
    Property Description
    Accepted Offer with Contingencies. Calling all investors! Office/Medical building in excellent location near Bush Park and downtown Salem with abundant on-site parking plus multiple ingress/egress. Fully leased single-tenant medical clinic with longterm NNN lease and 3% annual increases making projected 6.4% CAP for coming year. Current lease runs into 2026 with two 5-year renewal options that Tenant expects to use. Recent $1M remodel including ADA access, HVAC, electrical, plumbing, flooring, bathrooms and upstairs office area.
    Exterior Features

    Access Paved Approx Lot Dimensions 200' X 141.5' Frontage Feet 200 Parking Spaces 35 Railroad No Roof Composition Siding Stucco Signage Yes

    Interior Features

    Basement Finished Fire System Sprinkled Heating Central AcElectricForced AirHeat Pump

    Property Features

    Assessments Or Liens No Cap Rate 4.6 Commercial Type Office Confidentiality Agreement Required No Cross Street Miller Expenses Actual Or Projected Projected Flood Plain No High Speed Comm Access Present Net Income 120664 New Construction No Owner Occupied No Parking Ratio Per1000 SF 4 Sewer City Source Of Square Feet Owner Suitable For Office Medical OfficeOffice Building Tax Amount 21006 Tax Years 2020 Tenancy Single Terms Seller Will Consider CashConventional Water City Zoning Co

    © 2021 Willamette Valley Multiple Listing Service. All rights reserved.


    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Integrity. Data last updated: 2021-07-31T10:08:52.587.
     
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    Eugene OR, 97401
    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Premiere Property Group, Llc