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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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1130 Royvonne Ave , Salem, OR 97302
$1,650,000
Est. Payment: $9,004.73/mo
6822 Sqft
0.91 Acres
Status: active | Days on site: 34
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House Description

Highlands Gardens Retail Center is a retail investment opportunity located at 1120-1130 Royvonne Ave SE in Salem, OR. Our one vacant unit is ready to go as a convenient mart with some excellent equipment included. This property features a strong tenant mix with long-term lease potential and built-in stability. One large vacancy provides upside opportunity for additional income. The property is located in a thriving retail area with strong traffic and growth in the growing Salem corridor. The NNN lease structure helps offset operating expenses and protects returns.MU-III Zoning: The purpose of the Mixed Use-III (MU-III) zone is to identify allowed uses and establish development standards that encourage infill development and redevelopment in mixed-use corridors and centers and promote pedestrian access. The MU-III zone generally allows a variety of retail and office uses, commercial services, and multiple family residential uses.

Highlights

Listed by Harlan Mayer , 503-288-3979 RealEstatePDX.com , 503-288-3979. Portland Regional Multiple Listing Service mls logo

Property Type

Commercial Sale

Lot/Acreage
0.91

Year Built

2007

County

Marion

Area

173 - Marion Co: Southeast Salem

Listing ID

205055187

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Interior Features

Water:Public Water

Exterior Features

Garage Capacity:38
Zoning:MU-III
Roof:Flat
Others:
  • ▪ Additional:Existing
Sewer:Public Sewer
Parking Features:Off Street,Paved
Principal Interest
$9,005
Taxes
$2,269

Home Price

$1,650,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$330,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,004.73

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,004.73 $2,269.38 $0.00 $11,274.11
Yearly $108,056.72 $27,232.61 $0.00 $135,289.33
Total $3,241,701.68 $816,978.30 $0.00 $4,058,679.98

Today's Rates

30 Year

7.25%

20 Year

7.18%

15 Year

6.69%

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Market insight data is pulled from the same city as the listing being viewed (Salem, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

IDX service by Blueroof 360

Data last updated: 2026-10-23T07:04:11.000Z

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