Crown Memorial — Sale in Salem, OR

  • Price: $850K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Salem, OR 97317

Description

SINGLE TENANT VALUE ADD OPPORTUNITY IN A DENSE RETAIL MARKET CBRE is pleased to offer to the market the Crown Memorial Cremation Services Center located at the corner of Lancaster Drive, running parallel to Interstate 5 with traffic counts near the subject property exceeding 100K vehicles per day (Costar 2022), and Mahrt Ave SE. The property sits at the corner of a 4 way intersection with excellent visibility, backfilled by more than 31K residential homes within a 3 miles radius of the property and is surrounded by more than 85 National retailers. The property is located within the Four Corners neighborhood of Salem. The tenant will lease back the space for up to nine months to allow the owner to find a suitable tenant for the space. The lease will be absolute net. The property sits within close proximity to Roberts High School, enrollment of 471 students.

Market Context

This retail in Salem, OR is listed for sale at $850,000. It has been on the market for 195 days. Compare it against other retail listings for sale in Salem, OR — view the full market.

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