1160 Liberty St SE $1,890,000

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    1160 Liberty St SE Salem, OR 97302

    ACTIVE UNDER CONTRACT
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    • 8,934 sq. ft.
    • 0.65 Acres
    • Commercial
    • MLS# 779230
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    Views: 53 Days On Site: 93

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    Property Details

    Accepted Offer with Contingencies. Calling all investors! Office/Medical building in excellent location near Bush Park and downtown Salem with abundant on-site parking plus multiple ingress/egress. Fully leased single-tenant medical clinic with longterm NNN lease and 3% annual increases making projected 6.4% CAP for coming year. Current lease runs into 2028 with two 5-year renewal options that Tenant expects to use. Recent $1M remodel including ADA access, HVAC, electrical, plumbing, flooring, bathrooms and upstairs office area.

    • General Features
      • Type Office
      • Status Note ACTIVE UNDER CONTRACT
      • County Marion
      • Suitable For Office Medical Office, Office Building
      • Tax Amount 21006
      • Terms Cash, Conventional
    • Building Features
      • Approx Bldg Sqft 8934
      • Basement Finished
      • Fire System Sprinkled
      • Heating Central AC, Electric, Forced Air, Heat Pump
      • High Speed Communication Access Present
      • Roof Composition
      • Siding Stucco
    • Property Features
      • Access Paved
      • Acres 0.65
      • Sewer City
      • Approx Lot Dimensions 200' x 141.5'
      • Approx Lot Sqft 28300
      • Water City
      • Flood Plain No
      • Frontage Feet 200
      • New Construction No
      • Number of Parking Spaces 35
    • 2-10 Home Buyers Warranty
    • American Home Shield - Be sure with the Shield.

    Neighborhood

    97302 (Salem) Demographics

    40 Median Age
    1,617 Population Density (per sq. mile)
    46% College Educated
    $56,074 Estimated Median Income
    9,153 Estimated Total Home Owners
    6,765 Estimated Total Renters
    58% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    38,093 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $425,000 Median Sales Price
    116 Homes Sold
    98 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,890,000
        6/29/2021 9:53:31 AM Status Changed Source: Multiple Listing Service New Value: ACTIVE UNDER CONTRACT
        6/17/2021 8:53:00 AM New in Database Source: Multiple Listing Service New Value: $1,890,000

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        Meet Dina Schmidt

        Dina Schmidt

        Dina Schmidt Prosperity Mortgage Loan Officer

        James Watts

        James Watts

        James Watts Insurance Agent

        HomeServices Insurance offers access to a diverse network of top-rated national and regional insurance carriers including Travelers, Safeco, and Chubb. James and the HSI team provide the convenience of working directly with our real estate, mortgage and title partners to ensure all insurance documents are in place for a smooth, on-time closing. James and the HSI team understand the varied and unique coverages needed for the Pacific Northwest area and are able to leverage this knowledge to develop custom insurance strategies and options to better meet the evolving needs of our clients.

        Along with homeowner’s insurance, we are able to help our clients find great coverage for their other personal insurance needs including auto, umbrella, jewelry, watercraft, and more. 

        James has more than ten years of experience in the insurance and mortgage business making him uniquely qualified to assist clients with their insurance needs. James is a graduate of Western Oregon University where he played football. He and his family (wife and 2 kids) live in Keizer. James works out of Salem office, but will spend a significant amount of time in his ‘mobile office’ servicing client's needs.

        The data relating to real estate for sale on this website come in part from the Broker reciprocity program of the WVMLS and Berkshire Hathaway HomeServices Real Estate Professionals. Real estate listings held by other than Berkshire Hathaway HomeServices Real Estate Professionals are marked with the Broker reciprocity logo and detailed information about these properties includes the names of the listing brokers. Listing data is copyright of 2021 WVMLS. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.