1890 Capitol St NE NE, Salem, OR 97301
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1890 Capitol St NE NE, Salem, OR 97301
1890 Capitol St NE NE, Salem, OR 97301
1890 Capitol St NE NE, Salem, OR 97301
1890 Capitol St NE NE, Salem, OR 97301
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Listed by MARK SHADRIN • BERKSHIRE HATHAWAY HOMESERVICES R E PROF • Cell: 503-983-4405
$ 587,500
Est. payment /mo
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Price Dropped by $26K

1890 Capitol St NE NE Salem, OR 97301

1,440 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $407

MLS Listing ID 845150

Year Built 1973

Annual Tax Amount $3,230

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Retail

Property Description

Potential Seller Financing in conjunction with 1st position bank/private money loan. Excellent visibility and flexibility at 1890 Capitol St NE in Salem. This 1,440 SF commercial building sits on a 0.15-acre corner lot and features a large open retail/lobby area, two offices or storage/supply rooms, bathroom, and break room. Six onsite parking spaces plus adjacent street parking provide convenient access. Brick and shingle siding, prominent signage, and a high-visibility Capitol Street location add to the property's appeal. City of Salem traffic data from 2015 reported more than 12,000 vehicles passing daily. Located adjacent to Salem Clinic. Previously operated as a cannabis dispensary, the property offers the opportunity to continue a similar use or transition to another permitted commercial use. Potential uses include eating and drinking establishments, office, laboratory and research, daycare, neighborhood convenience store, specialty retail, and other commercial uses. The building's manageable size, visibility, existing security features, and flexible layout could lend itself particularly well to uses such as a jewelry store, pawn shop, collectible or trading card shop, coin shop, boutique, electronics or repair business, or other specialty retailer. Existing furniture, fixtures, security system, large safes, display cases, and other dispensary equipment are negotiable, creating the potential for a turnkey or easily adaptable operation. Existing cannabis retail license is also negotiable and subject to buyer qualification, regulatory requirements, and applicable approvals.

Location

State OR

County Marion

Area 20 Central Salem

Interior

Heating Forced Air

Exterior

Garage Spaces 6.0

Fence Partial

Building

Foundation Slab

Sewer City

Water City, Connected

New Construction No

Others

Acceptable Financing Cash, Conventional, First Trust Deed, Second Trust Deed

Listing Terms Cash, Conventional, First Trust Deed, Second Trust Deed

Virtual Tour https://youtu.be/DMO8vbdnJNE

Willamette Valley MLS (WVMLS)

Nearby Locations

Steve Brown

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+1(503) 510-5287

steve@stevebrown.realtor

3240 Commercial Street SE, Suite 100, Salem, Oregon 97302, USA

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1890 Capitol St NE NE