990 Broadway

brand-new mixed-use building in downtown salem

Located in downtown Salem, this property is centrally positioned with close access to public transportation, I-5, retail, dining, banks and more. 990 Broadway is made up of one retail space and 23 pet-friendly residential units ranging from studios to two bedrooms and offers off-street parking to its residents. Each unit is equipped with a high-efficiency kitchen and laundry appliances, LVP flooring, heating and air conditioning.

Salem has high-demand on rental units with not enough availability, which will drive a full occupancy rate for years to come. This property allows for residents to live in a higher-end space at an affordable rate, bringing a greatly sought-after product to the Salem area. Prior to opening, 48% of the units were leased at asking rents, including a 10-year lease on the retail space.

Download the Offering Memorandum
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JAMES HAUGE

PRINCIPAL BROKER

503-877-2101
JAMESH@LEGACYRE.COM
OR#200107093

Take a Look Around

INVESTING IN SALEM

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Walk Score

CAR-FREE

Many places to travel to without a car, including retail, dining, parks, schools, business offices and more.

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Transit Score

BY VEHICLE

Close to public transportation and I-5

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Bike Score

ON BIKE

Many bike paths throughout the city, including the Willamette Valley Scenic Bikeway

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