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Leased Office Building and Infill Development Site near Downtown Salem
Salem, Oregon
111
and
112
#111
#112
Office Building
Excess Land
BULK PUBLISHED RESERVE: $1,225,000
$850,000*
$375,000*
LAST ASKING: (BULK)
$1,590,000
SIZE:
9,938± Square Foot 15,246± Square Feet
Building on .49±
Acre Site
*Sales of Auction Properties #111 and #112 are subject to total bids to equal, or exceed, the Bulk Published Reserve of $1,225,000
ZONING: CO – Commercial Office, with Broadway/High Street Housing Overlay
INSPECTION DATES:
Wednesday, October 19
11:00 a.m. to 1:00 p.m.
Wednesday, November 2
11:00 a.m. to 1:00 p.m.
Thursday, November 10
1:00 p.m. to 3:00 p.m.
FINANCING: None – All Cash
DESCRIPTION: This property has a 9,938± square foot leased, two story office building, and 15,246±
square foot development site, in a strategic location at Liberty Street NE and Broadway Street NE,
near downtown Salem. There is excellent access to the state capitol complex, and to Market Street and
I-5. The property contains two tax lots and is being offered in bulk, with the option for separate bids
to be submitted on the 9,938± square foot office building with twenty-eight parking spaces, and the
0.35 acre, or 15,246± square feet excess land, which provides incentive for development of apartments
under current zoning, with commercial uses on the ground floor.
Broadway St. NE
Highway St. NE
Knapp Place NE
Liberty St. NE
McMenamins
East St. NE
Mill Creek
N