1136 Lancaster Dr NE

$1,190,000

1136 Lancaster Dr NE Salem, OR 97301

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About this listing

Fully leased retail building available for sale on Lancaster. The current tenant has an additional 6 years left on their initial lease term. Tenant is responsible for all expenses with the exception of the roof and structural components of the building. Rental income beginning in August is 77,408.00 per year and continues with 3% annual increases. DO Not Disturb Tenants.

  • Building Size

    4,830 sqft

  • Lot Area

    10,890 sqft

  • Year Built

    1986

  • Zoning

    CR

  • MLS ID

    817208

  • Floors

    1

  • Parking Spots

    18

DESCRIPTION

  • • Tax Roll Number: 576451
  • • Annual Tax: $ 10660.0
  • • Average Occupancy Rate: 100.0
  • • Lot Size: 2-5 Acres
  • • Age: 31-40 Years Old
  • • Sewer: City
  • • Water: City Water

Map





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