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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 SOLD: 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: $Undisclosed
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

SOLD: 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: $Undisclosed
Available SF: 8,708
Zone: CO
Type: Office
Term: Sale
Broker: Terri Frohnmayer/Josh Kay

SOLD: Independence Convenience Store

5,844 SF freestanding retail building located on a half acre on a high traffic corner in downtown Independence.  The retail storefront is currently utilized as a convenience store and commercial restaurant.

  • New commercial kitchen with stainless steel appliances, hood and grease trap
  • 4 walk-in coolers (1 of which is Sub-Zero)
  • Recent replacement of roof, compressors and HVAC system.
  • Located directly across the street from Riverview Park, home to the 8 week River's Edge Summer Movie and Concert Series
  • Adjacent to Riverview Park is the Independence Landing Redevelopment which includes a 75 room hotel, 110 apartments and 14 townhomes.

Property Details:

Address:
94 S Main St.
Independence, OR 97351
Price: $Undisclosed
Available SF: 5,844
Zone: MUPC (Mixed-Use Pedestrian Corridor)
Type: Retail
Term: Sale
Broker: Joshua Kay

1.907 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:
3300 Portland Rd. NE
Salem, OR 97301
Price: $1,080,000
Available SF: Lot 2: 1.907 AC
Zone: CR (Commercial Retail)
Type: Land, Retail
Term: Sale
Broker: Terri Frohnmayer

10,481 SF Warehouse - Claxter

Space available is Unit B which contains 10,481 SF.  The entire property is gated and fenced for security with three gated access points.  This pre-engineered metal building was constructed in 1978 and has gone through significant removations in the previous 6 months.  The property is in close proximity to other manufacutring/distribution/retailers.  New owner/user has made significant upgrades including a state of the art commercial grade security system.  Will be ready on 08.01.19 for a variet of industrial users.

  • Clear Height of 16' 10"
  • 480V 3 Phase heavy power
  • One 14' h x 16'w grade level door
  • Shared covered dock with 10' x 10' overhead door servicing four dock wells with level.
  • 11,000 SF yard area included
  • Landlord pays real estate taxes, insurance and exterior maintenance.
  • Tenant Responsibilities:  Water/sewer; electricity; gas; interior building maintenance; contents and liability insurance; personal property taxes; trash removal and janitorial.

Property Details:

Address:
1947 Claxter Rd. NE
Salem, OR 97301
Price: $$0.70/SF/mo. MG
Available SF: 10,481
Zone: IP (Industrial Park)
Type: Industrial
Term: Lease
Broker: Joshua Kay

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: $1,499,000
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

1320 Lewis St. SE

Two story office with an open configuration.  Two large work areas including reception area, coffee bar and one restroom on the main floor.  Two large work areas on the 2nd floor with one restroom and an abundance of natural light from skylights and windows.

  • Building has been nicely renovated in recent years.
  • Beautiful setting from back patio with Pringle Creek running across the south end of the property.  
  • Ten (10) on-site parking spaces with additional street parking on Lewis St.
  • Large pole sign provides exceptional exposure.  

Property Details:

Address:
1320 Lewis St. SE
Salem, OR 97302
Price: $475,000
Available SF: 2,066
Zone: IC (Industrial Commercial)
Type: Office
Term: Sale
Broker: Ruth Dana

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: $$0.55/SF/mo. NNN
Available SF: 33,125
Zone: CO (in Riverfront Overlay Zone)
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

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

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.

Street Level Space is 402 RSF.  Great street exposure.  Tenant has access to ADA restrooms on the second floor.  

  • Elevator Served
  • ADA Restrooms
  • Functional open office designs, ready for potential improvements, if needed.
  • On-site parking may be available.

Property Details:

Address:
333 High St. NE
Salem, OR 97301
Price: $0.75 - $1.99/SF/mo. FS less janitorial
Available SF: 402 to 4,806
Zone: CBD
Type: Office
Term: Lease
Broker: Terri Frohnmayer

4.11 Acres SA Zone For Lease

Approx. 4.11 acres of Special Agriculture zoned land.  Tenant will have exclusive use of all on-site facilities, including office, shop and hangar.  Located just west of downtown Salem, across the street from Illahe Hills Country Club.

  • Modular Office: 1,050 SF
  • Warehouse: 1,800 free span warehouse space (slab) with 240 SF office with restroom/shower.
  • Tarped Structure:  3,200 SF
  • Paved Driveway Area: 7,000 SF
  • Tenant expenses include: Water/sewer; electricity; trash removal; gas; contents and liability insurance; interior building maintenance; HVAC quarterly maintenance, exterior building maintenance, janitorial and personal property taxes.

Property Details:

Address:
3656 River Rd. S
Salem, OR 97302
Price: $4500.00/mo.
Available SF: 179,031.60
Zone: SA (Special Agriculture)
Type: Land
Term: Lease
Broker: Joshua Kay

4560 Ridge Dr. NE

Approx. 22,845 SF IG Zoned building containing approx. 16,500 SF of warehouse and approx. 6,000 SF of two story air conditioned office consisting of twenty-two (22) private offices/conference rooms, four (4) room, one (1) shower and two (2) reception area.

  • Heavy power of 480V, 3-phase power
  • Five (5) grade level doors.
  • Five (5) truck wells.
  • Fully fenced and gated for security.
  • Building is wood, pre-engineered metal framed and concrete with wood siding and metal roof.

Property Details:

Address:
4560 Ridge Dr. NE
Salem, OR 97305
Price: $1,995,000
Available SF: 22,845
Zone: IG (Industrial General)
Type: Industrial
Term: Sale
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: $698,500
Available SF: .76 Acres
Zone: Commercial Retail (CR)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

854 Front St. NE

Facility was formerly an automotive shop, then a fitness facility.  The CO zone has the ability to continue its prior use.  

  • Building has gas heat and two roll-up doors
  • Property provides for adequate on-site parking
  • CAM's estimated at $0.15/SF/mo.  

Property Details:

Address:
854 Front St. NE
Salem, OR 97301
Price: $1,600/mo. NNN
Available SF: 3,000
Zone: CO (Commercial Office) in the Riverfront Overlay Zone
Type: Industrial
Term: Lease
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

Beautifully Maintained Four-Plex

Centrally located four-plex sitting on one tax parcel.  Building is approx 9,105 SF and approximately .23 acres zoned RM2.  Within walking distance of shopping and restaurants in downtown Salem.

  • Beautifully maintained Intalian Renaissance home converted to a four-plex.
  • Property has great rental history with very low vacancy.
  • Updates and repairs include porch rebuilds, newer vinyl windows, newer heating system, roofing, pain, flooring, etc.
  • Units range in size from 1,561 SF to 2,242 SF.
  • 7 on-site parking spaces.

Property Details:

Address:
760 Church St. NE
Salem, OR 97301
Price: $775,000
Available SF: 9105
Zone: RM2
Type: Multi-Family
Term: Sale
Broker: Joshua Kay