3695 Devonshire Ave NE
Salem OR 97305
Mega Foods Salem
3695 Devonshire Ave NE Salem OR 97305
Listing #: 710644 | Status: Available | Last Modified: 3/30/2026 |
For Sale
- Phone:(206) 693-3352
- Email:seantufts@northmarq.com
- Office Name:Northmarq Commercial, LLC
- Office Phone:(206) 693-2239
- Office Website:
- Agent Phone:(503) 998-6572
- Agent Email:kadatto@northmarq.com
- Agent Phone:(206) 693-3329
- Agent Email:jdugoni@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 8,460,000.0
- $/SF$ 153.4
- Listing StatusAvailable
- Days on Market39
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 7.05 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units0
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF55150
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF231739
- Acres5.32
- Property TypeRetail
- Office Type
- Building Class
- CountyMarion
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #072W18BC00500
- Additional Parcels
- ZoningCR
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio
- Year Built
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Mega Foods
Mega Foods offers the opportunity to acquire a stable grocery tenant with more than thirty years of continuous operation at this Salem location. The tenant has occupied the site since the building was constructed in 1992 and continues to serve a loyal customer base drawn from the broader Lancaster Drive corridor. Unlike the national operators positioned closer to Interstate 5 or Silverton Road, Mega Foods fills a significant convenience gap for nearby households that rely on accessible pricing and everyday essentials. Comparative to Walmart, Mega Foods is value oriented but more specialized with weekly ad-driven traffic and an international assortment that supports durable repeat demand. The 55,150 square foot building sits on a large, approx. 5.35 AC parcel with excellent visibility off F


