Shopping Centers in Salem, Oregon offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of approximately 180,000 residents. As the capital city of Oregon, Salem is home to a diverse range of industries, including healthcare, education, agriculture, and government, making it an attractive location for businesses and investors alike. Shopping Centers in Salem can represent a variety of investments, from retail spaces to mixed-use developments, offering a range of opportunities for investors to diversify their portfolios. With amenities like Salem Hospital Regional Health Services, Willson Park, and Riverfront Park, Salem provides an attractive quality of life for residents and visitors, making it an ideal location for Shopping Centers. The city's infrastructure, including Cherriots for fixed-route bus service and highways like Interstate 5, Oregon Route 99E, and Oregon Route 22, also supports the success of Shopping Centers. Additionally, Salem is known for its cultural attractions, museums, and historic downtown area, making it a great place for business and travel.
With 6 Shopping Centers for sale in Salem, investors have a range of options to choose from. Salem's Shopping Centers are characterized by an average price per square foot of $182 USD, with an average size of 35,414 square feet and a largest size of 61,521 square feet. The average cap rate for Shopping Centers in Salem is 7.26%. In addition to Shopping Centers, Salem also offers a range of other property types, including Restaurants, which can be found in the city's historic downtown area, Specialty Properties, like the Elsinore Theatre, Land, which can be used for development or investment, and Office Properties, which are home to major employers like the State of Oregon and Salem Health. Overall, Salem's diverse economy and range of property types make it an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Salem?
The average cap rate for shopping centers in Salem is 7.26%, making it an attractive option for investors looking to capitalize on the city's strong economy and growing population of around 180,000.
