Property Description

Highlands Gardens Retail Center is a retail investment opportunity located at 1120-1130 Royvonne Ave SE in Salem, OR. Our one vacant unit is ready to go as a convenient mart with some excellent equipment included. This property features a strong tenant mix with long-term lease potential and built-in stability. One large vacancy provides upside opportunity for additional income. The property is located in a thriving retail area with strong traffic and growth in the growing Salem corridor. The NNN lease structure helps offset operating expenses and protects returns.MU-III Zoning: The purpose of the Mixed Use-III (MU-III) zone is to identify allowed uses and establish development standards that encourage infill development and redevelopment in mixed-use corridors and centers and promote pedestrian access. The MU-III zone generally allows a variety of retail and office uses, commercial services, and multiple family residential uses.