Listing Provided By: CHRISTINE FOLZ Agent: 503-949-3087 with REAL BROKER
Amazing opportunity to own this unique investment in West Salem. Highly anticipated River Bend Shopping Center & Checkpoint 221 food truck pod is in the last phase of construction & is set for completion Feb 2023. Consisting of a 4-unit shopping center, pavilion & food truck pod, this development is a much-needed neighborhood center for local residents to shop & relax in a rapidly expanding community. Property is adjacent to 48-unit apartment complex & another 201-unit apartment construction.
- Price:
- $7,500,000
- Square Footage:
- 10,780
- Acreage:
- 1.95
- Listing ID #:
- 800180
- Street Address:
- 1221 River Bend Rd
- City:
- Salem
- State:
- Oregon
- Postal Code:
- 97304
- County:
- Marion
- Community:
- 60 Northwest Salem
- Listing Status:
- Active
- Listing Type:
- Special Purpose
- Complex/Building Access:
- Paved
- Foundation:
- Slab
- Miscellaneous Features:
- 9855
- New Construction:
- Yes
- Square Footage Source:
- County
- Total Building Square Footage:
- 10780
- Adjusted Gross Income:
- 492764
- Expenses:
- 52173
- Net Operating Income:
- 440590
- Conforms To Zoning:
- Cr Co
- Road Frontage:
- 418
- Days On Market:
- 109
- Financing Options:
- Cash, Conventional
- Price Per Acre:
- 3846153.85
- Price Per Square Foot:
- 695.73
- Property Taxes:
- $11,680
- Fire Sprinkler System:
- Sprinkled
- Sewage Type:
- City
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: CHRISTINE FOLZ Agent: 503-949-3087 with REAL BROKER
Listing Provided By The Kelly Group Real Estate 
