Retail Investment Opportunity - Fairgrounds Rd

2390 Fairgrounds Rd NE, Salem, OR 97301

Property Information

  • For Sale $700,000
  • Property Type Office - General Office
  • Property Size 4,068 SF
  • Units 1
  • Lot Size 0.36 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1928
  • Year Renovated 2020
  • Date Updated Sep 24, 2026

Description

Conveniently situated just a short distance from Interstate 5, the property offers easy access to regional transportation routes, facilitating seamless connectivity for commuters and visitors. Additionally, the property is only a few minutes away from downtown Salem, ensuring proximity to the city's bustling commercial and cultural hub.Investment Opportunity! Recently renovated building with vaulted ceilings and an open concept. Currently leased to a marijuana retailer through August 31, 2031 with one (1) Five (5) year option remaining. Lease is NNN, Landlord is currently grossing $50,676 in annual rent.

Highlights

  • 100% occupancy
  • 4,068 SF building
  • Built in 1928
  • Located in Salem
  • Zoned MU1

Contacts

Location

Located at 2390 Fairgrounds Rd NE, Salem, OR 97301, this property is part of the Higland neighborhood and Eugene market.

  • 74/100 Very Walkable
  • 41/100 Some Transit
  • 88/100 Very Bikeable
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