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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


Downtown Salem's Preeminent Redevelopment

OFFICE or RETAIL

Suite 10: (Lower Level) Approx. 10,770 RSF $0.85/SF/Mo. - Full Service (less janitorial)
Lower level is to be taken in “As-Is” Condition.

Suite 200 (Upper Level) Approx. 10,035 RSF $2.00/SF/Mo. - Full Service (less janitorial)
Upper level office space will include a Tenant Improvement Allowance of $30.00/USF for interior improvements such as floor covering, wall paint, demising wall structures, break area, etc. for a financially qualified tenant.

In the heart of downtown Salem and across from regional shopping center, Salem Center and Liberty Plaza. Close proximity to Salem area restaurants, shopping, hospitality, entertainment, transit, State and County government offices, Riverfront Park and more.

 

Property Details:

Address:
260 Liberty St. NE
Salem, OR 97301
Price: $0.85/SF/Mo. - $2.00/SF/Mo. - Full Service
Available SF: Ste. 10: Approx. 10,770 RSF | Ste. 200: Approx. 10,035 RSF
Zone: CB (Central Business District)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

Downtown Small Office Suites

Offices can be rented individually or combined. Total available combined square footage is approx. 756 SF. 

Lease structure is Full Service with tenant responsible for its own janitorial, voice/data services, personal property taxes and contents and liability insurance.

Property Details:

Address:
247 Commercial St. NE
Salem, OR 97301
Price: $350/month - Full Service - $430/month FS
Available SF: Individual Suites from 160 SF to 256 SF
Zone: CB (Central Business District)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

Edgewater Marina

FEATURES:
• Beautiful West Salem river front property

• Access to the property is from Edgewater Street when traveling west from Salem and from State Highway 22 when traveling east.

• Site has been approved for commercial development known as the Edgewater Marina.

• Next to the eastern edge of the property is the Willamette University Boat House and Dock. The access road to the boat house and dock is from Edgewater Street and will be shared with the property (uplands portion).

Property Details:

Address:
1700-2400 Edgewater St. NW
Salem, OR 97304
Price: $375,000.00
Available SF: Approx. 31 net buildable acres on the river front
Zone: CG (Commercial General)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

Elmira Residence & Commercial Investment Opportunity

Property contains two building structures, a primary residence and a two-tenant commercial space. Large lot with surplus property in rear for further development.  Both buildings built in 1936 .  Former gas station decommissioned through DEQ.

Property Details:

Address:
88921 Territorial Hwy. SE
Elmira, OR 97437-9752
Price: $395000.00
Available SF: 1,200 SF residence & 2,114 SF shop/retail bldg on 1.02 acres
Zone: RC (Rural Commercial)
Type: Other, Retail
Term: Sale
Broker: Joshua Kay

Former Group Care Facility

Property consists of 0.27 acre which includes an approx. 4,530 SF 3 level residential dwelling.
Includes attic storage area of approx. 560 SF and a detached garage, approx. 440 SF.

Property Details:

Address:
425 14th Street NE
Salem, OR 97301
Price: $595,000.00
Available SF: Approx. 4,530 SF on 0.27 acre
Zone: RH (Multiple Family Residential High-Rise Residential)
Type: Multi-Family
Term: Sale
Broker: Terri Frohnmayer

High Visibility Corner Retail Location

FEATURES
• Formerly the long time home of Gabriel’s Furniture, this location has excellent visibility on the northeast signalized corner of Capitol and Union Streets.
• The current building design includes a very large open area, high ceilings and expansive windows for good natural lighting.
• The existing restroom is not ADA accessible, however, the Landlord is willing to upgrade the restroom to current code.
• The lease rate includes on-site dedicated parking spaces where the number of spaces shall be mutually agreed upon by the Landlord and Tenant.

Property Details:

Address:
610 Capitol St. NE
Salem, OR 97301
Price: $0.75/SF/Mo. - NNN
Available SF: Approx. 6,200 SF
Zone: CR (Commercial Retail)
Type: Retail
Term: Lease
Broker: Terri Frohnmayer

Industrial Bare Ground

FEATURES:

Approximately 40.39 total acres consisting of six individual and contiguous tax parcels.

All zoned I (Industrial) 

Please see attached marketing package for more details

Property Details:

Address:
Monmouth Cut Off Rd & Godsey Rd.
Salem, OR 97338
Price: $2318437
Available SF: 40.39 total acres on 5 tax parcels
Zone: I (Industrial)
Type: Industrial, Land
Term: Sale
Broker: Terri Frohnmayer & Jeff Miller

Industrial Facility: Warehouse, Office & Secured Yard

Rare industrial opportunity with excellent I-5 access.  Fully insulated structure is comprised of aggregate concrete and metal siding and roof. Property is served by private well and septic system. Of the 7,220 SF of warehouse space, 3,720 SF was added in 2006.  Owner prefers a lease with option to purchase.

Property Details:

Address:
8810 Huff Ave. NE
Keizer, OR 97303
Price: $Blended Rate: $0.70/SF/Mo. - Modified Gross
Available SF: Warehouse: Approx. 7,220 SF | Office: Approx. 2,500 SF
Zone: IUC (Unincorporated Community Industrial) Zone
Type: Industrial
Term: Lease
Broker: Joshua Kay

Industrial Warehouse and Yard

Located just 2 miles from Interstate 5 exit access, this industrial property is suitable for a variety of industrial users. Located in Jefferson, Marion County, this property once was home to a woolen mill and manufacturing operation, which burned down. A 26,000 concrete slab remains where the structure once stood. After the event, the 6,000 SF warehouse was reconstructed with brand new insulation and siding and has been vacant. A truck well loading dock is situated off the back end which can accommodate a 53’ trailer for shipping and receiving.

*Owner is currently in the final stages of partitioning the Industrial 1.98
acre lot.

Property Details:

Address:
1827 Talbot Rd. SE
Jefferson, OR 97352
Price: $555,000.00
Available SF: 6,000 Sf Industrial Warehouse / 26,000 SF Concrete Slab on 5.94 acres
Zone: I (Industrial) Zone
Type: Industrial, Land
Term: Sale
Broker: Joshua Kay

Industrial Warehouse/Manufacturing w/ Dock

PROPERTY DESCRIPTION
• Entire property is fenced and gated with Suite B having one access point.

• 16’ 10” clear height.

• Heavy power 480V 3-Phase Power with two service mains.

• One 14H X 16W grade level doors.

• One shared covered dock 10H X 10W overhead door servicing four truck wells with levelers.

 • Landlord pays real estate taxes and insurance and exterior building maintenance.

• Tenant responsible for utilities, phone/data, janitorial, interior maintenance and content and liability insurance.

Property Details:

Address:
1947 Claxter Rd. NE - Unit B
Salem, OR 97301
Price: $0.55/SF/Mo - Modified Gross
Available SF: Approx. 10,481 SF warehouse w/ dock
Zone: IP (Industrial Park)
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer & Jeff Miller

Keizer Office Suite

The Ramsey Dental Group building, is currently undergoing a complete renovation.  The suite consists of several offices, conference rooms, reception area, 2 restrooms, a kitchen and break room.

• CO (Commercial Office) Zone
• Abundant on-site shared parking
• Located in the heart of Keizer’s downtown core with easy access to Salem Parkway, I-5 and downtown Salem.

Property Details:

Address:
4724 River Rd. N.
Keizer, OR 97303
Price: $0.95/SF/Mo. - Modified Gross
Available SF: Approx. 1,300 SF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Joshua Kay

Large Building in Downtown Dallas Urban Renewal District

PRICE JUST REDUCED!

FEATURES

• This downtown Dallas, OR retail property is within the favorable CBD zone and will support a wide variety of uses, including retail, office and medical
• A former grocery store, this building has an open floor plan and is located one block from City Hall
• Grade level 9’ roll-up door with storage
• There is a 2nd floor level of approximately 8,500 SF
• Parking Ratio: 4/1,000 SF (48 parking spaces)
• Located in the City of Dallas, Urban Renewal District

Property Details:

Address:
121 SW Oak Street
Salem, OR 97338
Price: $300,000.00
Available SF: Approx. 12,138 SF building on 0.72 acre
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Joshua Kay

Madrona Office Campus

DESCRIPTION:  Beautifully designed office campus with two remaining office buildings with approximate square footage as follows:

Building 2 - 6,880 SF       Building 3 - 5,767 SF

FINANCING OPTIONS
1. Seller will carry contract   2. Seller will carry a second to be used as a Buyer’s down payment    3. Lease with purchase option

LAND PURCHASE ALSO AVAILABLE:

Lot 1000  Approx. 0.66 acre (28,858 SF)   $476,000 ($16.50/SF)

Lot 900   Approx. 0.49 acre (21,468 SF)    $354,000 ($16.50/SF)

Property Details:

Address:
2045 Madrona Ave. SE
Salem, OR 97302
Price: $240/SF with generous interior improvement package.
Available SF: 5,767 SF & 6,880 SF
Zone: IC (Industrial Commercial)
Type: Land, Office
Term: Sale
Broker: Terri Frohnmayer

Madrona Office Park - Office Suite Available

$1.75/SF/Month - Full Service (excluding janitorial, voice/data services)
• First class medical or professional office space ready for co-tenant’s design and build out.
• The Landlord is open to provide an attractive TI package or extended free rent or combination of both, depending on the overall structure of the lease.

Property Details:

Address:
2045 Madrona Ave. SE
Salem, OR 97302
Price: $1.75/SF/Mo. - Full Service
Available SF: Approx. 2,356 SF
Zone: IC (Industrial Commercial)
Type: Office
Term: Lease
Broker: Jeff Miller

McNary Square Professional Offices

NOTES

•  Current floor plans have the first floor at approximately 10,238 gross square feet and the second floor at approximately 7,775 gross square feet.

• Building is elevator served and currently is comprised of six suites.

• Originally constructed in 1981 and has experienced good tenancy throughout the years with both public and private sector tenants

• Centrally located, close to downtown and the Marion St. bridge to West Salem

• Good on-site parking with a ratio of 4 : 1,000 SF

Property Details:

Address:
750 Front Street NE
Salem, OR 97301
Price: $1,950,000.00 | $1.32-$1.40/RSF/Mo. - FS
Available SF: 18,013 Gross SF on 1.24 AC | 618 RSF - 6,136 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

Medical Office Space Visible to Liberty St. SE

FEATURES
• Professional office building known as the "Lighthouse" Professional office.  Two levels, ADA with elevator access to 2nd level.

• Main level designed and improved for medical use, approx. 3,878 SF plus a garage/storage area of 530 SF.

• The second level office space is elevator served consisting of numerous private offices, large conference room, break area, storage capacity and restrooms.

• Second level is currently leased.

Property Details:

Address:
350 Miller Street SE
Salem, OR 97302
Price: $2,150,000 | $2.20/SF/Mo. - Modified Gross
Available SF: Total: 8,960 SF on 0.39 acre & Lease: Approx. 4,408 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

New South Salem Retail Center

FEATURES
• New retail development located along Commercial Street SE in highly desirable, high-growth South Salem trade area.

• End-cap with drive thru will be considered for qualified tenants. 

• Owners will consider a build-to-suit or ground lease for a single-use tenant such as a bank or quick serve restaurant concept.

• Project will enjoy excellent exposure and signage to busy Commercial St. SE

• High-growth retail trade corridor includes: WalMart, Safeway, Carl’s Jr. Applebee’s, Taco Bell, Burger King, McDonald’s, Columbia Bank, Oregon Community Credit Union and many others.

Property Details:

Address:
5503 Commercial St. SE
Salem, OR 97306
Price: $TBD
Available SF: Approx. 1,200 - 6,600 SF
Zone: CR (Commercial Retail)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer

Northgate Center

FEATURES

• Originally built in 1971, the building is undergoing major renovations which include: new roof, siding, HVAC, exterior/interior lighting, exterior/interior paint, carpet, landscape upgrades, fenced parking, ceiling tiles and camera surveillance system.
• The facility is ADA accessible and the second floor is elevator served.
• Located at the north gateway to Salem with convenient access to I-5 only half mile away.

 

Property Details:

Address:
3850 Portland Rd. NE
Salem, OR 97301
Price: $0.95/SF/Month - Gross
Available SF: Approx. 753 RSF to 11,508 RSF available
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller

Office Suite in the CEP Building

FEATURES

• Approx. 2,659 rentable SF of first class office space on the ground floor of a two-story Class A office building

• This beautifully designed building provides a mid-sized high tech multi-media auditorium and food service area that is available on a limited use basis by the Tenants of the building. ADA shared restrooms are provided.

• Site offers excellent on-site parking, 10 spaces plus designated visitor parking. Property is also located on Salem’s Cherriots transit line.

Property Details:

Address:
4070 27th Court SE
Salem, OR 97302
Price: $1.90/SF/Mo. - Full Service
Available SF: Approx. 2,659 RSF
Zone: IBC (Industrial Business Campus)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

Ontario Investment - Dialysis Clinic

FEATURES
• Building was originally constructed in 2003 as a dialysis clinic and utilizes approximately 1.14 acres for the clinic with excellent on-site parking, 48 spaces. *Included is additional land considered surplus, approx. 2.24 acres, $300,000.00.
• Current floor plans depict the out-patient dialysis clinic at 5,622 RSF with 12 treatment stations, attractive waiting area, multiple exam rooms, conference and training areas, re-use area and RO water treatment area/storage, typical of a dialysis clinic.

Property Details:

Address:
515 East Lane
Ontario, OR 97914
Price: $2,000,000.00
Available SF: Approx. 5,622 rentable SF on 3.39 AC
Zone: C-2 (General Commercial)
Type: Office
Term: Sale
Broker: Terri Frohnmayer