3535 Fisher Rd NE
Salem OR 97305

3535 Fisher Rd NE

3535 Fisher Rd NE Salem OR 97305

Listing #: 701194 | Status: Available | Last Modified: 4/16/2026 |

For Sale
Michelle Kennedy
Joseph Kennedy
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 9,000,000.0
  • $/SF$ 488.1
  • Listing StatusAvailable
  • Days on Market263
  • Asset ClassHotel/Motel
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.33 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF18439
  • Net Rentable Area0
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF100273
  • Acres2.3
Property Type
  • Property TypeHotel/Motel
  • Office Type
  • Building ClassB
Location
  • CountyMarion
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaNot Assigned
  • Tax ID #072W07C 02102
  • Additional Parcels072W07C 02103, 072W07C002103
  • ZoningCG
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed

HomeTowne Studios Salem

Public Comments

Extended Stay Hotel With Repositioning Potential HomeTowne Studios Salem is a 129-key extended stay hotel in Oregon’s capital city, offering brand flexibility, operational upside, and strong demand from both business and leisure travelers. Located along I-5 in the heart of the Willamette Valley, the property benefits from consistent government, healthcare, and contractor demand, as well as year-round tourism tied to wine country, outdoor recreation, and regional events. The studio layout and highway frontage support repositioning as a hospitality asset or potential conversion to residential or workforce housing. This hotel is available individually or as part of a larger extended stay portfolio. Building size is approximate and all information is obtained from sources deemed reliable but