Contacts
First Commercial Real Estate
Property Details
- Property Type Office
- Property Size 5,272 SF
- Lot Size 0.2 Acre
- Cap Rate % 6
- Date Updated Jun 22, 2026
Three contiguous tax lots totaling 0.28 acres of commercially-zoned MU-I land in Northeast Salem, improved with two buildings comprising 5,272 square feet. The primary Building at 2380 Fairgrounds Rd NE (4,408 SF, built 1940) is a multi-use building housing three residential apartments and one commercial tenant. The secondary building at 2370 Fairgrounds Rd NE (864 SF, built 1940) is occupied by a commercial tenant. A third parcel at the 1300 block of Smith St NE provides 3,568 SF of supporting site land and parking. All five units are currently occupied.
The property is in the City of Salem’s North Gateway Urban Renewal Area and may qualify for the North Gateway Rehabilitation Grant Program which offers a matching grant for improvements.
Reach out to the broker for more info on lease terms and amenities
Getting around
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78/100
Walk Score ®
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41/100
Transit Score ®
-
88/100
Bike Score ®
Location
- City Salem, OR
- Neighborhood Higland
- Zip Code 97301
- Market Eugene
Points of Interest
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Salem
1.95 miles
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Brooks Historical Society Depot
6.70 miles
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Hopmere Station
6.79 miles
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76
0.58 miles
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Blink
0.75 miles
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ChargePoint
0.86 miles
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Shell
0.96 miles
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Arco
1.06 miles
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Pulse
1.06 miles
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Pacific Pride
1.33 miles
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Petrol Express
1.48 miles
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Electrify America
1.57 miles
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Fred Meyer Fuel
1.58 miles
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Market Street Park and Ride
1.26 miles
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Green Lot - Dept of Admin Services
1.28 miles
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Marion Parkade
1.38 miles
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WalMart North Park and Ride
1.58 miles
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Chemeketa Parkade
1.60 miles
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Riverfront Park (North Lot)
1.68 miles
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Liberty Square Parkade
1.79 miles
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Reserved Lot A
1.83 miles
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Riverfront Park (South Lot)
1.88 miles
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Visitor Parking
1.90 miles
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Motel 6
0.72 miles
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Traveler's Inn
0.74 miles
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Holiday Inn
1.22 miles
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Shilo Inn and Suites
1.27 miles
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DoubleTree
1.38 miles
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Capital Inn & Suites
1.41 miles
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Motel 6 Salem
1.42 miles
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Holiday Lodge Motel
1.46 miles
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Days Inn Black Bear
1.52 miles
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Knights Inn
1.63 miles
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Cash & Carry
0.69 miles
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Fred Meyer
0.93 miles
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A Dong Market
1.03 miles
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Grocery Outlet
1.21 miles
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Safeway
1.34 miles
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Kohl's
1.43 miles
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Macy's
1.43 miles
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Salem Center (North)
1.46 miles
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Walmart Supercenter
1.46 miles
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Food 4 Less
1.46 miles
First Commercial Real Estate