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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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Term:

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Properties


LEASED: Former Automotive Shop

• Facility was formerly an automotive shop and within the CO Zone has the ability to continue its prior use
• Overlay Zone also provides for good flexibility in uses
• Building has gas heat, two roll up doors and is served with water and sewer, natural gas and electricity.

Property Details:

Address:
854 Front St. NE
Salem, OR 97301
Price: $CONFIDENTIAL
Available SF: Approx. 3,000 SF on 0.23 acre
Zone: CO (Commercial Office) within Riverfront Overlay Zone
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

LEASED: Prime Downtown Salem Corner Retail

• The historic building has excellent visibility on the signalized corner of Court Street NE and Commercial Street NE in downtown Salem.
• Approximately 2,873 SF is on the main level and approx. 761 SF is mezzanine. Basement area is approx. 1,417 SF and is included in the space but not included as part of the stated square footage.
• Amenities include high ceilings and good natural light with expansive windows along both corner streets.

Property Details:

Address:
310-320 Court Street NE
Salem, OR 97301
Price: $CONFIDENTIAL
Available SF: Approx. 3,634 SF plus basement
Zone: CB (Central Business District)
Type: Retail
Term: Lease
Broker: Terri Frohnmayer

LEASED: Turnkey, Modern Office Suite on Liberty Street

• Building is on the corner of Liberty and Gaines Streets NE with excellent visibility.
• Office suite includes welcoming high ceiling entry/reception area, private office/conference room, two work areas and a kitchen/break area with two restrooms (one ADA).
• Tenant pays for its prorated share of gas, electricity, water/sewer, real property taxes, building insurance, all currently estimated at approximately $0.17/SF/Month.

Property Details:

Address:
1288 Liberty St. NE
Salem, OR 97301
Price: $CONFIDENTIAL
Available SF: Approx. 1,127 SF
Zone: CG (Commercial General)
Type: Office
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

SOLD! South Salem Office

This property SOLD to an owner/user and we are thrilled for both the Buyer and Seller.  Keep an eye out for new signage and who bought this terrific location for their business!

Terri Frohnmayer represented the Seller and Jeff Miller represented the Buyer in this transaction.

Property Details:

Address:
110 Salem Heights Ave. S.
Salem, OR 97302
Price: $CONFIDENTIAL
Available SF: 3,039 SF on 0.25 acre
Zone: CO (Commercial Office)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

SOLD: NE Salem Industrial Development Land

FEATURES
• Great development opportunity with excellent I-5 access both north and southbound
• Site is served by all public utilities located in Blossom Drive
• Industrial General Zone allows for a large variety of industrial uses.
• The property is also located within the North Gateway Urban Renewal area within an area of new industrial development

 *Tax parcels shall be partitioned by the Seller to create one new smaller tax parcel totaling approximately 1.0 acre. Survey in process to determine actual acreage.

Property Details:

Address:
3100 Block Blossom Dr
Salem, OR 97305
Price: $CONFIDENTIAL
Available SF: Approx. 1.0 acres (43,763 SF)
Zone: IG (Industrial General)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

SOLD: Small Industrial Park Investment

• Located in the city of Keizer between Cherry Avenue and Salem Parkway, the property has easy access to I-5 via the Parkway.  Seller wishes to sell all three tax lots together.

1255 CANDLEWOOD DR. NE, KEIZER (APN: R76714)
• According to Marion County, the real property is 1.98 acres (86,274 SF) of land which contains eight (8) buildings constructed of wood framing, metal siding and metal roofi ng. The eight (8) buildings total approximately 28,320 SF of shop/warehouse space.

1315 CANDLEWOOD DR. NE, KEIZER (APN: R76716)
• According to Marion County, the real property is 0.63 acre (27,636 SF) of land which contains a single family residence.

1335 CANDLEWOOD DR. NE, KEIZER (APN: R76718)
• According to Marion County, the real property is 0.18 acre (7,860 SF) of land which contains a single family manufactured home (single wide).

Property Details:

Address:
1255, 1315, 1335 Candlewood Dr. NE
Keizer, OR 97303
Price: $CONFIDENTIAL
Available SF: Three tax lots which total 2.79 acres
Zone: IG (Industrial General)
Type: Industrial
Term: Sale
Broker: Terri Frohnmayer & Jeff Miller

12th Street Office Building

Fully improved professional office building, approximately 6,338 SF on 0.41 acre

• Professional office building with several points of entry suitable for single or multi-tenant use
• Two story building includes a reception/waiting area on each floor with numerous private offices
• Approx. 15 private offices, three generous conference areas, six restrooms and one break area
• Constructed in 1967 (remodeled over the years) and is designed around an outdoor courtyard
• There are approximately 20 to 22 on-site parking spaces for both clients and employees

Property Details:

Address:
2701-2731 12th Street SE
Salem, OR 97302
Price: $REDUCED: Now: $598,000.00 | Lease: $1.20/SF/Mo (1st Floor) $1.10/SF/Mo. (2nd Floor)
Available SF: Approx. 6,338 SF on 0.41 acre | Various suite sizes available for lease
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

12th Street Office Suite

SUITE SIZE AND LEASE RATE
$0.90/SF/MO - Modified Gross
Tenant responsible for electricity, garbage, interior maintenance, telephone/internet, security and janitorial.
Suite 240: Approx. 2,045 SF +/-

Property Details:

Address:
2735 12th Street SE
Salem, OR 97302
Price: $0.90/SF/Mo. - Modified Gross
Available SF: Approx. 2,045 SF +/-
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Jeff Miller

2 Special Ag. Zoned Lots

FEATURES
• Lots are to be sold together. Each lot is approximately 1.58 acres (68,825 SF).
• This is a restrictive zoning classification which requires agricultural production of a minimum $80,000 per year in order to qualify for a “farm” dwelling. The small warehouse building on lot 300 is concrete slab on grade, wood framed, with metal siding and is approximately 1,980 SF with 4 grade level roll-up doors.

Property Details:

Address:
Lots 100 & 300 on Wickiup Street SE
Salem, OR 97317
Price: $89,000.00 ($0.65/SF)
Available SF: Two lots approximately 3.16 acres total
Zone: SA (Special Agriculture)
Type: Land
Term: Sale
Broker: Terri Frohnmayer & Joshua Kay

20,600 SF Lower Level Retail/Office

FEATURES
• Located on the north end of downtown Salem, the space is in the same building as the Grocery Outlet food store, which is very visible from Commercial St. NE.
• The change in zone to CB (Commercial Business District) will allow for more flexibility in uses, including office,
retail, some wholesale, public administration, religious organizations and personal and business services

Property Details:

Address:
299 D Street NE
Salem, OR 97301
Price: $0.55/SF/Mo. - NNN
Available SF: Approx. 20,600 SF
Zone: CB (Commercial Business District)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

25th Street Commercial Development Land

SIZE
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: $4,067,000 ($7.50/SF)
Available SF: 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

5.84 Acres Multi-Family Riverfront Land

SIZE
Approx. 5.84 acres of multi-family riverfront development land on 5 tax parcels

FEATURES

• Located on beautiful riverfront property east of Bowman Park. The park includes 26 acres of recreational areas which include a boat ramp, river access, fishing, picnic areas, restrooms, shelter and a hiking trail. Adjacent east of the subject property is City of Albany owned land which lies in a Significant Wetland Overlay District (/SW).
• This property is multi-family zoned with the designation RM, Medium Density which requires no greater than 25 units per gross acre.

Property Details:

Address:
595 Geary Street NE
Albany, OR 97321
Price: $REDUCED: Now: $895,000.00
Available SF: Approx. 5.84 acres
Zone: RM (Residential Medium Density District)
Type: Land, Multi-Family
Term: Sale
Broker: Terri Frohnmayer

54 Acres Residential land

SIZE
Approximately 53.98 acres of residential development land.

FEATURES
Adair Village is a portion of the Corvallis Metropolitan Statistical Area (MSA). Generally, the neighborhood is bound by the Adair Village city limits on the north, south, and east and Pacific Highway W (Highway 99W) on the west. The area is served by all public utilities, including water, sewer, electricity, natural gas, telephone, and cable television. Police and fire protection are provided by the City of Adair Village.

Property Details:

Address:
Adair Village
Salem, OR 97330
Price: $5,900,000.00 ($109,300/acre)
Available SF: Approx. 54.98 acres
Zone: High Density - R3 (Residential)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

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: $2,250,000.00
Available SF: 1.03 acres on 6 tax lots
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Terri Frohnmayer

Albany Residential Development Land

• Served by all public utilities from the City of Albany: water, storm water and sanitary sewer

• Also served by electricity and natural gas

• 6.5 acres of development land

• A residential dwelling on one half acre (lot #202)

• Older barn on tax lot #100

Property Details:

Address:
3168 NW 24th Ave.
Albany, OR 97321
Price: $1100000.00
Available SF: Approx. 7 acres on 3 tax lots
Zone: RS-10 (Residential Single-Family District)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Allen Plaza

FEATURES

• Very nice office/retail Investment Property:  2 commercial buildings, approx. 13,500 SF on one tax parcel, approx. 0.77 acre.
• Great central Keizer location with easy access to I-5 via Salem Parkway
• Signage is available on River Road and Cherry Ave. and above entrance to the suite

• Only one suite available for lease. Current tenants: York Custom Mechanical, Salem-Keizer Brazilian Jiu-Jitsu and Senior Boomer News.

Property Details:

Address:
4120-4122 River Rd. NE & 4155-4159 Cherry Ave. N.
Keizer, OR 97303
Price: $1,125,000.00 | $0.70/SF/Mo. MG
Available SF: 13,500 SF (2 Bldgs) | 4120 River Rd. Suite B: 1,400 SF
Zone: CM (Commercial Mixed Use)
Type: Office, Retail
Term: Sale, Lease
Broker: Terri Frohnmayer

Astoria Professional Office

FEATURES
•Building was most recently utilized as a daycare.  Includes break area, storage area, three restrooms and multiple open work areas
• Well suited for owner-user but can also be demised to accommodate up to two tenants
• Site is centrally located within walking distance of Marine Drive and old town Astoria
• 18 on-site parking spaces with street parking also available

Property Details:

Address:
279 6th Street
Astoria, OR 97103
Price: $418,000.00
Available SF: Approx. 2,886 SF on 0.22 acres (two tax lots)
Zone: C-4 (Central Commercial)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

Candlewood Industrial Park

• 3 Single Units:  $522/month. Single unit consisting of 720 SF with one insulated man door, one 12’ grade level door, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electrical panel.
• 1 Double Unit:  $1,044/month. Double unit consisting of 1,440 SF with two insulated man doors, two 12’ grade level doors, one 75,000 BTU gas heater and one dedicated 22v, 200 amp electrical panel.

Property Details:

Address:
1237, 1241, 1263 & 1269 Candlewood Dr. NE
Salem, OR 97303
Price: $Single Unit 522/month | Double Unit: $1,044/month
Available SF: 3 Single Units Approx. 720 SF & 1 Double Unit: 1440 SF
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Commercial Street Professional Office

FEATURES
• Professional office building located on busy Commercial St. SE located just to the south of City Hall and within walking distance of downtown.

• Space is currently comprised of a nice sized reception/waiting area, numerous private and windowed offices, open landscape area, employee break area and two restrooms.

Property Details:

Address:
735 Commercial St. SE
Salem, OR 97301
Price: $1.30/SF/Mo. - Modified Gross
Available SF: Approx. 3,588 SF
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Terri Frohnmayer