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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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Property Type:

  Industrial
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  Multi-Family
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Term:

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Properties


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

Creekside Corporate Center

Creekside Corporate Center is Salem’s preeminent business park, complete with on-site management, full janitorial and facility services.

Tenant improvements are negotiable and the exact allowance is dependent on credit worthiness of Tenant and the financial viability of prospective lease terms.

Conveniently located adjacent to I-5, and within minutes from the State Capitol, Salem Hospital, the Salem Municipal Airport and downtown Salem.

Beautiful 20 acre professional office campus, built in 1999, in a parklike setting.

Property Details:

Address:
670 Hawthorne Ave. SE
Salem, OR 97301
Price: $2.15/SF/mo. FS
Available SF: 2,222 and 5453
Zone: IC (Industrial Commercial)
Type: Office
Term: Lease
Broker: Joshua Kay, Terri Frohnmayer

Dallas Leased Investment Property

Leased investment property.  Approx. 1,896 SF on .28 acres.  Current Tenant is H & R Block - lease runs through October 5, 2022. 

  • Fully remodeled in 1997
  • Functional layout consisting of open area with cubicle workspaces
  • 18 on-site parking spaces

Property Details:

Address:
452 E Ellendale Ave.
Dallas, OR 97338
Price: $275,000
Available SF: 1,896
Zone: CG - Commercial General
Type: Office
Term: Sale
Broker: Joshua Kay

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

Downtown Redevelopment Opportunity

PROPERTY DESCRIPTION
Multiple improved office/mixed use buildings currently utilized as a men’s shelter operated and owned by Union Gospel Mission. The building(s) square footage area is approximately 30,986 SF of improvements on 1.10 acres (on 4 tax lots).

Adjacent properties also available for sale.

Property Details:

Address:
345, 355, 365 Commercial St. NE & 360 Front St. NE
Salem, OR 97301
Price: $1,550,000.00
Available SF: Approx. 30,986 SF of improvements on 1.10 acres (4 tax lots)
Zone: CB (Central Business District)
Type: Retail
Term: Sale
Broker: Terri Frohnmayer

Downtown Salem Retail/Office Space

  • Prime downtown corner building.
  • Space is configured with security windows in the front office area with open areas in the back.
  • Highly visible location across from Courthouse Square/Transit Mall and within walking distance to the County Courthouse, State Capitol and downtown shopping and restaurants.
  • Excellent exposure with good foot traffic.
  • One on-site parking space available for an additional monthly fee.
  • Lighted signage available on north side of the building.

Property Details:

Address:
245 High St. NE
Salem, OR 97301
Price: $2,200
Available SF: 2000
Zone: CBD
Type: Retail
Term: Lease
Broker: Terri Frohnmayer

Downtown Salem's Preeminent Redevelopment

OFFICE or RETAIL - 260 LIBERTY ST.

Suite 10: (Lower Level) Approx. 11,200 RSF $0.90/SF/Mo. - Full Service (less janitorial)
Lower level is to be taken in “As-Is” Condition.

Suite 200 (Upper Level) Approx. 11,000 RSF (can be demised) $1.85/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.

RETAIL or OFFICE - 268 LIBERTY ST.:  Street Level Approx. 2,000 USF  $1.80/SF/Mo. - NNN

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: $0.80/SF/Mo. - $1.85/SF/Mo. - Full Service
Available SF: 2,000 - 11,200 SF
Zone: CB (Central Business District)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

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: $450,000
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

First Generation Industrial Space

PROPERTY DESCRIPTION
• First generation, metal framed with metal siding (currently under construction). Entire property is approximately 3.02 acres (170,155 SF)
• Unit will have 208v 3-phase power, gas heat, fully insulated, three 10’ high grade level doors, clear height of approx. 12’6” to 17’7” at peak and will be serviced with city water and sewer.

Property Details:

Address:
565 Lloyd Lane
Independence, OR 97351
Price: $0.55/SF/Mo - NNN
Available SF: Approx. 11,968 SF
Zone: IH (Heavy Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

First Generation Retail Space

  • First generation retail space will be constructed of CMU block with glass frontage, metal awnings and a drive-thru.  
  • Building can accommodate two or three smaller retail tenants all of which will be served by NW Natural Gas, PGE and City of Salem water/sewer.
  • Parking ratio of 5/1,000 SF
  • Excellent accessibility to I-5 is only one half (0.5) miles from the Portland Rd. (Hwy. 99) I-5 Interchange.
  • Located on the Salem’s Cherriots transit line.
  • Listing broker is part of ownership.

Property Details:

Address:
3994 Portland Rd. NE
Salem, OR 97301
Price: $Call for Pricing
Available SF: approx. 2,652 RSF
Zone: CR (Commercial Retail)
Type: Retail
Term: Lease
Broker: Jeff Miller

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.

Owner would consider contract sale to qualified buyer.

Property Details:

Address:
425 14th Street NE
Salem, OR 97301
Price: $565,000.00
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

Former Rehabilitation and Specialty Care Facility

  • This property has been utilized as a licensed 16 room, 48 bed care facility. 
  • Each room is generous in size with access to restroom (sink/toilet), either shared or separate with shared showers/tubs.
  • Facility is equipped with full commercial kitchen and large dining area.
  • R2 - Residential High-Density Zone
  • Built in 1972 with an addition added in 1976 and remodeled in 2001.
  • Sale of property does not include any license transfers or rights affiliated with prior healthcare use.

Property Details:

Address:
950 Nandina St.
Sweet Home, OR 97386
Price: $995,000
Available SF: 10,962
Zone: R2 (Residential High-Density)
Type: Other
Term: Sale
Broker: Terri Frohnmayer

Front Street Warehouse

PROPERTY DESCRIPTION

• Space is wet sprinkled and insulated with a 16’ clear height.

 • Bow truss roofing.

• Covered loading/unloading area.

• 10’H X 7’ W grade door

• Facility was built in approximately 1960.

 

Property Details:

Address:
901 Front Street NE
Salem, OR 97301
Price: $0.40/SF/Mo. - NNN
Available SF: Approx. 32,639 SF on approx. 1.16 acre of fenced and gated yard
Zone: RH (Multifamily High Rise Residential)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Fully Fenced/Gated Warehouse

  • 200 amp with 208v 3-phase power
  • 18' clear height
  • Three grade level electric doors - 16'h x 14'w; four man doors
  • Gas heat - fully insulated with insulated grade doors
  • City water/sewer
  • The Landlord is negotiable on the TI packages for an office build-out and will separately meter the building's gas and electricity
  • Building will be ready for occupancy August 1, 2018
  • Direct access off of Independence Highway (Hwy 51)
  • 2 ADA restrooms
  • Air compressor and lines

Property Details:

Address:
4445 Independence Hwy
Independence, OR 97351
Price: $0.55/SF/mo. NNN
Available SF: 10,000
Zone: IL
Type: Industrial
Term: Lease
Broker: Jeff Miller

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 Warehouse with Fenced Yard

INDUSTRIAL WAREHOUSE WITH FULLY FENCED YARD

Historically, this building was home to the Marion County shops. Ideally positioned along Silverton Rd and across from the State Fair Grounds. This industrial building is fully insulated, has a new roof and has newly installed interior heater units. Flexible IG zoning allows for a wide range of uses.

Tenant is responsible for: Water, Electricity, Gas, Janitorial, Contents & Liability Insurance, Trash Removal, Real Property Taxes, Interior Building Maintenance and Landscape/Parking Area Maintenance..

Property Details:

Address:
1705 Silverton Rd. NE
Salem, OR 97301
Price: $Warehouse: 0.85/SF/mo. NNN | Yard: $0.07/SF/mo. NNN
Available SF: 7,700 SF +/- Warehouse | 109,900 SF +/- Yard Space
Zone: IG (Industrial General)
Type: Industrial
Term: Lease
Broker: Joshua Kay

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. 2,059 SF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Joshua Kay

Lancaster Plaza - Affordable Office Space

Lancaster Plaza is a professional office plaza that has been a staple of Lancaster Drive since construction in 1979.  The plaza is home to many professional office, dental and medical users.

  • High traffic counts
  • Ample parking
  • On bus line
  • Signage available

Property Details:

Address:
1800 Lancaster Dr. NE
Salem, OR 97305
Price: $0.92 to $1.19/SF/MG
Available SF: 650 to 2100
Zone: CO
Type: Office
Term: Lease
Broker: Joshua Kay

Madrona Office Park - Office Suite Available

$1.85/SF/Month - Modified Gross

• TI allowance of $70/SF for qualified tenant with acceptable terms.
• First class medical or professional office space ready for co-tenant’s design and build out.


Property Details:

Address:
2045 Madrona Ave. SE
Salem, OR 97302
Price: $1.85/SF/Mo. - Modified Gross
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