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.
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INVESTING IN SALEM
Many places to travel to without a car, including retail, dining, parks, schools, business offices and more.
Close to public transportation and I-5
Many bike paths throughout the city, including the Willamette Valley Scenic Bikeway