$587,500
( $407.99Per Sq Foot )
 $3,154 est/mo Sourced by Back At You

1890 Capitol St NE,Salem, OR 97301

Salem, OR 97301

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Description

Inquire for concession towards a Rate Buy Down. 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. Seven 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.

Details

MLS #703208900
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1973
Days On Site58
Listing Provided ByBerkshire Hathaway HomeServices Real Estate Professionals | Mark Shadrin

Features

SQ Feet1,440
Story(s)1
Building(s)1
ZoningComm
Acreage0.15
Property ViewCity

Interior

HeatingForced Air
Heating YnYes
Cooling YnNo

Exterior

Construction MaterialsBrick, Shingle Siding

Parking

Attached Garage YnNo
Parking FeaturesOn Site, Paved

Taxes

Property3229

Area Information

StateOR
CountyMarion
CitySalem
Zip Code97301
Listing VS Median (in 97301)
Price:
$587,500
low | high
Med:
$415,000
79.36170212766% of Average
sqft:
1,440
low | high
Med:
1,133
71.319444444444% of Average
$ / sqft:
$408
low | high
Med:
$366
60.221404292877% of Average
On site:
58
low | high
Med:
11
100% of Average
Sourced by Back At You

Market Activity 97301

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Madaire Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

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Learn More About This Property

StateOR
CountyMarion
CitySalem
Zip Code97301
Listing VS Median (in 97301)
Price:
$587,500
low | high
Med:
$415,000
79.36170212766% of Average
sqft:
1,440
low | high
Med:
1,133
71.319444444444% of Average
$ / sqft:
$408
low | high
Med:
$366
60.221404292877% of Average
On site:
58
low | high
Med:
11
100% of Average
Sourced by Back At You
Listing Updated: October 14, 2026 at 12:34:30 PM PDT