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1+ Acre in Downtown Salem1280 Center Street NE, Salem, OR 97301Walking distance to State Capitol, Willamette University
$1,988,000 MLS: 18154388
PatrickSheehan.com/salemcommercial
2017
PATRICK SHEEHAN(503) 734-0337 Mobile
(503) 698-6600 O�[email protected]
www.PatrickSheehan.comOregon Broker: 200506399
ADAM ZAGEL(503) 381-2023 Mobile(503) 698-6600 O�[email protected] Broker: 200405254
STATE CAPITOL STATE LIBRARYDEPARTMENT OF EDUCATION
DEPARTMENT OF TRANSPORTATION
WILLAMETTE UNIVERSITY
SAFEWAY
SCHOOL BOARDS ASSN.
SUPREME COURT
This map/plat is
being furnished as an aid in locating the herein described land in
relation to adjoining streets, n
atural boundaries and other land, and is not a survey
of the land depicted. Except to the extent a policy of title insurance is e
xpressly
modified by endorsement, if any, the company does not insure dimensions,
distances, location of easements, a
creage or other matters shown thereon.
This map/plat is
being furnished as an aid in locating the herein described land in
relation to adjoining streets, n
atural boundaries and other land, and is not a survey
of the land depicted. Except to the extent a policy of title insurance is e
xpressly
modified by endorsement, if any, the company does not insure dimensions,
distances, location of easements, a
creage or other matters shown thereon.
Additional Info at PatrickSheehan.com/salemcommercial
Amazing Development Opportunity!
Ready to build your hotel, o�ce, shared space for lobbyists, retail, restaurant, parking structure, municipal building, assisted living, or mixed use. 4 tax lots combine (4700, 5400, 5200, 5100) to form 1.14 acres across from Safeway on Center between 12th and 13th on the north side of the alley.
Walking distance to the State Capitol, Willamette University and dozens of state agency o�ces. Currently used as a parking lot with 80 tenants paying $50 per month with a waiting list. Cash �ow revenue while you work through development plans. Buyer to do all due diligence.
PATRICK SHEEHAN(503) 734-0337 Mobile
(503) 698-6600 O�[email protected]
www.PatrickSheehan.comOregon Broker: 200506399
ADAM ZAGEL(503) 381-2023 Mobile(503) 698-6600 O�[email protected] Broker: 200405254
Quick Stats:Population 1 mile radius: 16,936
Number of vehicle trips per day: 12,420
Median age 36
Income <$25,000 29.05%
$25,000 - $50,000 32.17%
$50,000 - $75,000 13.22%
$75,000 - $100,000 10.60%
$100,000 + 21.68%
Great site for:Hotel
Mixed-use, Retail with Multifamily
Parking Structure
Apartment Building
Fast Food Restaurant
Government O�ce Building
Shared O�ce Space
Assisted Living
This map/plat is
being furnished as an aid in locating the herein described land in
relation to adjoining streets, n
atural boundaries and other land, and is not a survey
of the land depicted. Except to the extent a policy of title insurance is e
xpressly
modified by endorsement, if any, the company does not insure dimensions,
distances, location of easements, a
creage or other matters shown thereon.
CURRENT USE IS AS A PARKING LOT. 80 SPACES BRING IN $4,000 PER MONTH
WITH WAITING LIST.
This map/plat is
being furnished as an aid in locating the herein described land in
relation to adjoining streets, n
atural boundaries and other land, and is not a survey
of the land depicted. Except to the extent a policy of title insurance is e
xpressly
modified by endorsement, if any, the company does not insure dimensions,
distances, location of easements, a
creage or other matters shown thereon.