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659-695 Cottage St NE
Salem, OR 97301 Downtown Salem

$1,600,000 USD

Office For Sale  •  9,570 SF

Property Details

• Property Type Office
• Total Building Size 9,570 SF
• Lot Size 0.45 AC
• Building Class C
• Year Built 1957
• Cap Rate 7.15 %
• Tenancy Multiple
• Zoning MU-1

50 Transit Score

70 Walk Score

Highlights

Proven cash flow

Exceptional parking

Well maintained

Downtown fringe location

Property Flyers

Cottage Courts Brochure

Cap Rate:

7.15 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Ackerman / Moss		6/26/2028
Alpha Counseling & Therapy Ltd
Bay Massage		5/17/2025
D. Michael Fagen		7/14/2017
Farmers		6/10/2026
Innervision		3/12/2027
Marion County Assn Of Defender		3/28/2015
Meetings Management		3/12/2027
Robert Botta Law Office
Tiffany Matthews LMT

Amenities

• Bus Line
• Signage

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Covered
Included in Rent:	Yes