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1750 Edgewater Street Northwest
Salem, OR 97304
Asking Price
$8.00M
Asset Type
Residential Retail
Class
Class B
What's Special
FOR SALE | 53.1 AC Waterfront Development Land in Salem <ul><li><span style="color: rgba(0, 0, 0, 1)">Zoning: CG – Commercial General (with multifamily allowed over retail)</span></li><li><span style="color: rgba(0, 0, 0, 1)">Estimated 33 acres developable (to be verified with new cut / fill requirements)</span></li><li><span style="color: rgba(0, 0, 0, 1)">Irreplaceable location with ~2,400 linear feet along Willamette River</span></li><li><span style="color: rgba(0, 0, 0, 1)">2021 Appraisal for $13,240,000</span></li></ul>
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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.46%
Monthly Payment
$39,579.635
Annual Cash Flow
$-394,955.621
