1+ acre in downtown salem · 2018. 4. 10. · oregon broker: 200405254 quick stats: population 1...

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�cepatrick@patricksheehan.com

www.PatrickSheehan.comOregon Broker: 200506399

ADAM ZAGEL(503) 381-2023 Mobile(503) 698-6600 O�ceazagel@bhgpartners.comOregon 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�cepatrick@patricksheehan.com

www.PatrickSheehan.comOregon Broker: 200506399

ADAM ZAGEL(503) 381-2023 Mobile(503) 698-6600 O�ceazagel@bhgpartners.comOregon 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.