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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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3912 Commercial St SE , Salem, OR 97302
$485,000
Est. Payment: $2,476.97/mo
0 Bed
0 Bath
325 Sqft
Status: Active | Days on site: 6
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BSHH01 - SHADRINM
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Sarita Dua, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Sarita Dua
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House Description

Do Not Disturb Tenant, Customers, or Employees. Appointment Required for All Viewings. Offered for the first time in 34 years, this 0.44 acre two parcel package presents a rare opportunity with existing rental income and future development potential. The property includes approximately 0.45 acres zoned Mixed Use III. The existing tenant has a land lease. The rear portion of this parcel remains undeveloped.With approximately 70 feet of frontage on Commercial Street, the property offers excellent visibility and access. Located among a strong mix of established local and national businesses including Starbucks, Napa Auto Parts, Windjammers, Panda Express, Chipotle, Bo and Vine, Wells Fargo Bank, The Shutterbug, Dairy Queen, and McDonalds. Mixed Use III zoning allows for a variety of permitted uses including multifamily apartments, short term lodging, eating and drinking establishments, office or laboratory space, fuel stations, day care, governmental services, and other similar uses. Buyer to complete their own due diligence regarding zoning, permitted uses, and development potential.
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Highlights

Listed by Mark Shadrin , 503-983-4405 Berkshire Hathaway HomeServices Real Estate Professionals , 503-371-3013. Portland Regional Multiple Listing Service mls logo

Property Type

Commercial Sale
Lot/Acreage
0.44

Year Built

2006

County

Marion

Area

173 - Marion Co: Southeast Salem

Listing ID

703715454

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Public Water

Exterior Features

Lot Dimensions:Irregular
Zoning:MU-3
Others:
  • ▪ Additional:Approximately
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$2,477
Taxes
$513

Home Price

$485,000

Loan Details

30 yrs
6.596%

Down Payment

20%
$97,000
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:
$2,476.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,476.97 $513.32 $0.00 $2,990.29
Yearly $29,723.65 $6,159.85 $0.00 $35,883.50
Total $891,709.63 $184,795.50 $0.00 $1,076,505.13

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

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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.

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Data last updated: 2026-09-07T13:53:59.000Z

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