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1251 LANCASTER DR NE
SALEM, OR 97301-1994
Asking Price
$1.40M
Asset Type
Medical Office Office
Class
Class B
What's Special
Medical Office Building | High Visibility | 6,950 SF | 0.82 ac <p>Located on high-traffic Lancaster Drive, this 6,950 SF office/medical property consists of two connected buildings joined by a breezeway. Zoned MU-III, the property allows for a wide range of office, medical, and mixed-use uses, providing flexibility for owner-users or investors. The building features an efficient layout adaptable to a variety of professional uses, with ample on-site parking and strong signage exposure.</p>
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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234
