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First Commercial Real Estate
3550 Liberty Road South, Suite 290
Salem, Oregon 97302-5622
Phone: 503.364.7400   |   Fax: 503.364.7422

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Properties


JUST LISTED: 200-234 High Street & 544 Ferry St.

Two level professional office building located in the Central Business District of Salem at the signalized intersection of High and Ferry Street SE.  The building size measures 21,600 GSF and 20,554 net RSF plus the parking garage (21,911 SF) and site on .57 Acre.  This very quiet building is well contructed (built 1964) and has been professionally upgraded over the years.  The current tenant mix includes four tenants on the main level with two smaller vacant suites available.

  • Very rare on-site secured parking garage (65 spaces) on the second level with ramp access along High Street.
  • Signalized corner location
  • ADA accessible on the main level.
  • Fully sprinkled
  • Compatible blend of professional office tenants
  • Building amenities include the on-site parking garage, shared break room and conference room, both fully equipped and available for use by all tenants.
  • Property is located in the Opportunity Zone.

Property Details:

Address:
200-234 High St. & 544 Ferry St.
Salem, OR 97301
Price: $2,995,000
Available SF: 21,600
Zone: CBD (Central Business District)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

SOLD: 6 Tax Lots - Downtown Redevelopment Opportunity

Six tax lots located in downtown Salem.
Prime location for redevelopment.
Adjacent properties also available for sale.  Call for more details.

Property Details:

Address:
311 & 325 Commercial St. NE and more
Salem, OR 973010
Price: $Undisclosed
Available SF: 1.03 acres on 6 tax lots
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Terri Frohnmayer

SOLD: 15,000 SF Flex Retail Building

  • Single story flex building situated on one 1.31 acres (57,064 SF) tax lot.
  • Suite 2425: 3,500 SF showroom; 3,500 SF warehouse.
  • Suite 2475: 5,000 SF of showroom and 3,000 SF of warehouse.  Includes two large roll-up doors.
  • 50 Parking Spaces
  • IC (Industrial Commercial) Zone.

Property Details:

Address:
2425-2475 25th St. SE
Salem, OR 97302
Price: $Undisclosed
Available SF: 15,000
Zone: IC
Type: Retail
Term: Sale
Broker: Terri Frohnmayer/Ruth Dana

100 ACRE COLONIAL ESTATE & GOLF COURSE

Approx. 100.11 acres commercial land.
Property includes approx. 15,000+ SF of improvements: colonial estate and event center, pro-shop, maintenance shop, secured cart barn, carriage apartment and an additional 1,000 SF of unimproved retail space.

• The estate is anchored by a 6,000 SF colonial home with manicured gardens
• Full-service commercial kitchen complete with hood and range, walk-in freezer, dish-washing station, grease trap and large kitchen prep area
• Carriage apartment has 2 bedrooms and 1 bath and is currently generating income as a short term vacation rental

Property Details:

Address:
9301 SW BAYOU DRIVE
MCMINNVILLE, OR 97128
Price: $1,590,000
Available SF: Approx. 100.11 acres with 15,000 SF of improvements
Zone: RC (Recreational Commercial)
Type: Land, Other
Term: Sale
Broker: Terri Frohnmayer & Joshua Kay

1244 Front St. NE

69,660 GSF concrete warehouse/manufacturing facility including a small interior office component. The property includes adequate on-site and off-site parking for employees. CAM's are estimated in the range of $0.03 - $0.05/SF per month.

  • Facility is designed for light manufacturing and/or warehouse/distribution
  • Reinforced cement flooring for industrial uses.
  • Includes 8 - 14' x 14' grade level overhead doors and 2 grade level man doors.
  • Three Phase 480V Power
  • All utilities separately metered
  • Construction type is III-N with a wet sprinkler system
  • The warehouse/manufacturing area is an open area floor plan with clear height of approx. 24-24 feet including two support columns 20 foot on center north to south and 80 foot on center east to west.
  • Property is in the Enterprise Zone.
  • This is a Sub-Lease

Property Details:

Address:
1244 Front St. NE
Salem, OR 97301
Price: $$0.55/SF/mo. NNN
Available SF: 69,660
Zone: CO (Commercial Office) in the Riverfront Overlay Zone
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

1330-1380 Front St. NE & 295 Hood St. NE

33,125 SF concrete warehouse/manufacturing facility including a small interior office component. Covered 8 truck dock facility with direct access to Warehouse #1. The warehouse/mfg. area floor plan is divided into two primary sections with access between the sections. The division within the warehouse lends itself to a possible division of the warehouse. The property includes adequate on-site parking for employees on the graveled lot on the corner of Commercial & Gaines Streets. The CAM's are estimates in the range of $0.04 - $0.06/SF per month.
  • The facility is designed for light manufacturing and/or warehouse/distribution with reinforced cement flooring for industrial uses.
  • Three 14' x 14' grade level overhead doors; Four 8' x 12' dock high overhead doors
  • Two grade level man doors
  • Rail spur access (rail spur remains active)
  • Construction type is II-N with B-2 occupancy
  • All utilities separately metered
  • Property is located in the Enterprise Zone
  • THIS IS A SUB-LEASE

Property Details:

Address:
1330-1380 Front St. NE & 295 Hood St. NE
Salem, OR 97301
Price: $$0.60/SF/mo. NNN
Available SF: 33,125
Zone: CO (in Riverfront Overlay Zone)
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

1515-1535 Liberty St. SE

The structure is approximately 8,708 SF on two levels; 1,285 SF in the finished lower level. The main floor is currently divided into two suites, a medical suite of
approximately 3,923 SF (Suite 1535) and a professional office suite (Suite 1515) of approximately 3,500 SF.

This location is highly desirable for medical and professional office users and is centrally positioned in accessing all parts of Salem including downtown Salem,
Salem Hospital, I-5 and West Salem. The property is also located on Salem's Cherriots transit line.

Property Details:

Address:
1515-1535 Liberty St. SE
Salem, OR 97302
Price: $1,575,000
Available SF: 8,708
Zone: CO
Type: Office
Term: Sale
Broker: Terri Frohnmayer/Josh Kay

1515-1535 Liberty St. SE

The structure is approximately 8,708 SF on two levels:
The main floor is currently divided into two suites:
Suite 1535 - Medical Suite - Approximately 3,923 SF - $1.50/SF/mo. NNN
Suite 1515 - Professional Office - Approximately 3,500 SF - $1.35/SF/mo. NNN
Finished Lower Level - 1,285 SF. Can be accessed from Suite 1515 - $0.75/SF/mo. NNN
and is nicely designed for work overflow, work stations and dry storage. Restroom included.

Property Details:

Address:
1515-1535 Liberty St. SE
Salem, OR 97302
Price: $$0.75 to $1.50/SF/mo. NNN
Available SF: 3,923, 3,500 & 1,285 SF
Zone: CO
Type: Office
Term: Lease
Broker: Terri Frohnmayer/Josh Kay

25th Street Commercial Development Land

SIZE
Up to approx. 12.45 acres (542,322 SF) of commercial development land on four tax lots

FEATURES
• Great commercial development opportunity with nice frontage on 25th Street and excellent access to I-5 (north and southbound)
• IC (Industrial Commercial) Zone allows for a variety of uses including: retail sales and service, business and professional services, motor vehicle sales and service, education services, general manufacturing, warehousing and distribution, self-service storage and much more. There are no overlays on the property.

Property Details:

Address:
25th Street Land across from the Salem Airport
Salem, OR 97302
Price: $3,276,147.60
Available SF: Up to approx. 12.45 acres (542,322 SF) on four tax lots
Zone: IC (Industrial Commercial)
Type: Industrial, Land, Retail
Term: Sale
Broker: Terri Frohnmayer

3.24 Acres Retail / Mixed Use Development Land

FEATURES
• Ideal development location within minutes of access to I-5 and downtown Salem and is serviced by City of Salem water and sewer, PGE and Northwest Natural.

• Traffic counts on Portland Rd. in this area average 10,000 - 20,000 cars per day while nearby Silverton Rd. averages 20,000 - 40,000 cars per day.

• Located in the North Gateway Urban Renewal Area whose mission is to attract aesthetically pleasing, job producing private investments and public improvements that will improve and stabilize property values and create a healthy and visually attractive northern gateway to Salem - Oregon’s Capitol City.

• Also located in an area of growth that includes: a Walgreen’s, Center 50+ (Salem Senior Center) and the Salem Kroc Center.

Property Details:

Address:
3350 Portland Rd. NE
Salem, OR 97301
Price: $1,835,000.00
Available SF: Lot 1: 1.333 AC | Lot 2: 1.907 AC
Zone: CR (Commercial Retail)
Type: Land, Retail
Term: Sale
Broker: Terri Frohnmayer

32.5 Acres RM Zoned Development Ground

  • Approx. 32.5 acres of medium density residential (RM) zoned development land.
  • Property currently consists of 33.93 acres, but the property to be sold is land only and does not include the residence, garage, and the barn, which are estimated at 1.5 to 2.0 acres.  Property has been annexed into the City of Monmouth with public utilities available upon development (water, storm water and sanitary sewer).
  • The land has some wetlands according to the City of Monmouth and the wetlands will require delineation.
  • Property is partially fenced.
  • Prior to the sale, the residence at 5235 Riddell Rd. will require a partition to separate the residence, garage and barn from the land being sold.

Property Details:

Address:
5235 Riddell Rd.
Monmouth, OR 97361
Price: $1,500,000
Available SF: 1,415,700
Zone: RM
Type: Land, Multi-Family
Term: Sale
Broker: Terri Frohnmayer

333 High St. NE

Office space located in a three-level professional office building in downtown Salem.  Lower level in space includes up to three (3) suites from 933 RSF to 4,806 RSF.

  • Elevator Served
  • ADA Restrooms
  • Functional open office designs, ready for potential improvements, if needed.
  • Four on-site parking spaces for available space.

Property Details:

Address:
333 High St. NE
Salem, OR 97301
Price: $0.75/SF/mo. FS less janitorial
Available SF: 933 to 4,806
Zone: CBD
Type: Office
Term: Lease
Broker: Terri Frohnmayer

3700 River Rd. N

  • Great visibility with River Rd. Frontage
  • Good parking at 4/1000
  • Space consists of four private offices/conference room
  • One ADA Restroom
  • Lobby/reception area
  • New Ownership/Management

Property Details:

Address:
3700 River Rd. N
Keizer, OR 97303
Price: $1.00/SF/mo. NNN
Available SF: 1,221
Zone: CM
Type: Office
Term: Lease
Broker: Jeff Miller

3700 River Rd. N - Suite 14

Approx. 1,000 rentable square feet of open salon/office space.  The space consists of open work area, includes one (1) breakroom with washer and dryer hook-ups and sink as well as one (1) storage area with sink and one (1) ADA restroom.

  • Four (4) Hair Stations
  • Two (2) Washing Stations
  • One (1) "Mixing Room"
  • All equipment is personal property and can be negotated to purchase outside of the lease negotiations.

Property Details:

Address:
3700 River Rd. N - Suite 14
Keizer, OR 97303
Price: $1.00/SF/mo. NNN
Available SF: 1,000
Zone: CM - (Commercial Mixed Use)
Type: Retail
Term: Lease
Broker: Jeff Miller

5503 Commercial St. SE

  • Approx. .76 acres of Commercial Retail (CR) zoned land in the South Gateway Overlay Zone.  
  • Site plans available for up to 6,800 SF retail building with drive-thru.
  • Highly desirable, high-growth South Salem trade area.
  • Excellent exposure and signage to busy Commercial Street SE
  • Utilities available to the site
  • Traffic Counts: 26,080 - Commercial Street south of Baxter Rd. SE

Property Details:

Address:
5503 Commercial St. SE
Salem, OR 97306
Price: $725,000
Available SF: .76 acres
Zone: CR (Commercial Retail)
Type:
Term:
Broker: Terri Frohnmayer

5503 Commercial St. SE

  • Approx. .76 acres of Commercial Retail (CR) zoned land in the South Gateway Overlay Zone.
  • Site plans available for up to 6,800 SF retail building with drive-thru.
  • Highly desirable, high growth South Salem trade area.
  • Excellent exposure and signage to busy Commercial St. SE
  • High-growth trade corridor includes:  Wal-Mart, Safeway, Carl's Jr., Applebee's, Taco Bell, Burger King, McDonald's, Domino's Pizza and many others.
  • Traffic Counts: 26,080 - Commercial Street SE south of Baxter Rd. SE

Property Details:

Address:
5503 Commercial St. SE
Salem, OR 97306
Price: $725,000
Available SF: .76 Acres
Zone: Commercial Retail (CR)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Auto Sales Facility - Tualatin, OR

Auto sales facility in great location in Tualatin, Oregon. 1.64 acres on two tax lots with a 2,200 SF building used as their sales office. Zoning has a conditional use for automotive in the CG Zone. High traffic location and great visibility.

Nice open sales area

One private and two semi-private offices with open cubicles and workspaces.

Can accommodate up to 100 cars for sales lot.

Seller would consider a Sale/Lease-Back

Property Details:

Address:
17793-17835 SW Pacific Hwy
Tualatin, OR 97062
Price: $1,195,000
Available SF: 2500
Zone: CG - Commercial General
Type: Retail
Term: Sale
Broker: Ruth Dana

Candlewood Industrial Park

1,440 SF Available

Unit 1243 is 1,440 SF double unit and has small office and mezzanine storage. Includes two man doors, two 12' grade level doors, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electricial panel.

Unit 1253 is 720 SF single unit.  Includes one man door, one 12' grade level door, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electrical panel.

  • Located in the City of Keizer between Cherry Avenue and Salem Parkway, the property has easy access to I-5 via the Parkway.
  • Located in an IG (General Industrial) Zone
  • Base rent is $0.625/SF/mo. NNN.  NNN's are estimated at $0.10/SF/mo.

Property Details:

Address:
1243 & 1253 Candlewood Dr. NE
Salem, OR 97303
Price: $$1,044/mo. & $522/mo.
Available SF: 720 to 1440 SF +/-
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Commercial Development Land

7.18 acres +/- well suited for a development that would include a hotel/motel along with other supporting retail serving the community.

Property is surrounded by a newer residential housing development, a church and an industrial facilitiy.

Conceptual site plans available that include grocery, fast food, gas station, and hotel/motel.

Excellent visibility from Hwy 18 (Salmon River Hwy)

Access off of S Bridge Street, next to Nazarene Church.

Property Details:

Address:
7.18 acres +/- S Bridge St.
Salem, OR 97378
Price: $350,000
Available SF: 312,761
Zone: Commercial
Type: Land
Term: Sale
Broker: Ruth Dana

Development Land Near I-5

Property consists of one tax parcel, approx. 4.76 acres of development land.
Includes 2 older homes and miscellaneous outbuildings.

$199,600 per acre | Sold “As Is”

Property Details:

Address:
2411 Delaney Rd. SE
Salem, OR 97306
Price: $950,000.00
Available SF: 4.76 acres of development land
Zone: ID (Interchange District)
Type: Land
Term: Sale
Broker: Terri Frohnmayer