Map of Property

475 Cottage Street Northeast

For Sale

475 Cottage Street Northeast, Salem, OR 97301

This Salem property for sale is located at 475 Cottage Street Northeast. The current listed sale price for 475 Cottage Street Northeast is $4,775,000. 475 Cottage Street Northeast is situated on a lot that is 0.85 acre in size.

Contacts

broker

Jennifer Martin

First Commercial Real Estate

broker

Tanner Morgan

First Commercial Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 23,202 SF
  • Lot Size 0.85 Acre
  • Zoning CBD
  • Additional Rent Contact for pricing
  • Year Built 1960
  • Year Renovated 2019
  • Date Updated Oct 25, 2024

Unique opportunity to acquire an office building for a user seeking approximately 5,300 SF for owner-occupancy. This two-story, urban office building with off-street parking has additional tenants providing income in support of the asking price. The estimated stabilized value of the building is $5,200,000 once the vacant space is filled with a tenant paying market rents.  The asking price of $4,775,000 leaves over $400,000 of consideration for a buyer to carry the asset while sourcing a tenant or having cushion to complete a remodel of the space to suit the specifications of the user.

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Getting around

  • 88/100

    Walk Score ®

  • 61/100

    Transit Score ®

  • 89/100

    Bike Score ®

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Location

  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.76 miles

  • Brooks Historical Society Depot

    8.01 miles

  • Hopmere Station

    8.10 miles

  • ChargePoint

    0.15 miles

  • Blink

    0.23 miles

  • 76

    0.81 miles

  • Arco

    0.81 miles

  • Arco Gas Station

    0.90 miles

  • Circle K

    0.96 miles

  • Pacific Pride

    0.97 miles

  • Space Age

    1.11 miles

  • Shell

    1.12 miles

  • City of Salem Fuel Island

    1.56 miles

  • Green Lot - Dept of Admin Services

    0.16 miles

  • Marion Parkade

    0.21 miles

  • Chemeketa Parkade

    0.33 miles

  • Liberty Square Parkade

    0.44 miles

  • Reserved Lot A

    0.48 miles

  • Riverfront Park (North Lot)

    0.48 miles

  • Pringle Parkade

    0.54 miles

  • Permit Parking

    0.56 miles

  • Riverfront Park (South Lot)

    0.57 miles

  • Visitor Parking

    0.58 miles

  • Grand Hotel

    0.48 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    0.49 miles

  • Knights Inn

    0.70 miles

  • Howard Johnson by Wyndham Salem

    1.51 miles

  • Shilo Inn and Suites

    1.91 miles

  • Holiday Inn

    1.95 miles

  • Motel 6 Salem

    1.96 miles

  • Holiday Lodge Motel

    2.02 miles

  • DoubleTree

    2.05 miles

  • Motel 6

    2.09 miles

  • Macy's

    0.12 miles

  • Kohl's

    0.18 miles

  • Salem Center (North)

    0.19 miles

  • Salem Center (South)

    0.22 miles

  • Ross

    0.22 miles

  • Reed Opera House

    0.35 miles

  • Safeway

    0.41 miles

  • Grocery Outlet

    0.50 miles

  • Pringle Park Plaza

    0.54 miles

  • Roth's

    1.01 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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