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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


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 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: $299,000
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: $550,000.00
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

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

Gates Industrial Buildings/Land

8,658 SF in three buildings

Building 1 - 2,462 SF recently remodeled consisting of office with full restroom and shower, storage area and shop area.

Building 2 - 6,000 SF (40' deep x 150' wide).  Pre-engineered metal building with metal roof and side wall cladding.

Building 3 - 196 SF constructed with solid Mass Plywood Panel framing, metal room and exterior wall cladding.

Property is graveled and fully fenced with an electronic gate system for additional security.

The property is located approximately 30 miles east of the Interstate 5 and Santiam Hwy (Hwy 22) interchange and approximately 10 miles to Detroit Dam or 18 miles to the City of Detroit.

Property Details:

Address:
910 N Santiam Hwy
Gates, OR 97346
Price: $650,000
Available SF: 8,658
Zone: IL (Light Industrial)
Type: Industrial
Term: Sale
Broker: Jeff Miller

Gates Industrial Buildings/Land

8,658 SF in three buildings

Building 1 - 2,462 SF recently remodeled consisting of office with full restroom and shower, storage area and shop area.

Building 2 - 6,000 SF (40' deep x 150' wide).  Pre-engineered metal building with metal roof and side wall cladding.

Building 3 - 196 SF constructed with solid Mass Plywood Panel framing, metal room and exterior wall cladding.

Property is graveled and fully fenced with an electronic gate system for additional security.

The property is located approximately 30 miles east of the Interstate 5 and Santiam Hwy (Hwy 22) interchange and approximately 10 miles to Detroit Dam or 18 miles to the City of Detroit.

Property Details:

Address:
910 N Santiam Hwy
Gates, OR 97346
Price: $650,000
Available SF: 8,658
Zone: IL (Light Industrial)
Type: Industrial
Term: Sale
Broker: Jeff Miller

Independence - 10,000 SF Industrial Bldg.

Second Generation Space in a pre-engineered metal building with metal siding.  The unit is approx. 10,000 SF wiith 700 SF of office space.  The entire property is approx. 3.92 acres (170,755 SF), is zoned IH (Heavy Industrial) and within an Enterprise Zone.

Located in an industrial area just east of the Independence State Airport. Other businesses in the area include: Forest Products Packaging Co., Elm Ridge Manufacturing, Inc., Elkay Manufacturing, Hancock Forest Management, Custom Trailerwerks, Strata Textiles, Lava River Forestry and more. The property is approx. 15 miles SW of Salem and I-5 with good connectivity via Highway 22 and Highway 51.

  • One (1) 400amp 208V 3-phase power panel
  • Two (2) suspended gas heaters
  • Fully insulated
  • Two (2) ADA restrooms
  • Three (3) 10' high grade level doors
  • Three (3) man doors
  • Clear heights of 12'6" to 17'7" at peak
  • Serviced by City water and sewer.

Property Details:

Address:
565 Lloyd Lane
Independence, OR 97351
Price: $0.55/SF/mo. NNN
Available SF: 10,000
Zone: IH (Heavy Industrial)
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.  Completely resurfaced.  Newly installed secure perimeter fencing.

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: 2,100 SF +/- Warehouse | 109,900 SF +/- Yard Space
Zone: IG (Industrial General)
Type: Industrial
Term: Lease
Broker: Joshua Kay

JUST LISTED: 2920 Commercial St. SE

3,174 SF retail building on .55 acres currently being used as a restaurant.  This high profile location is positioned between two signalized intersections with easy ingress/egress.  Excellent traffic counts, exceeding 40,000 trips per day in one of Salem's businest corridors.  Surround retailes include Roth's Fresh Market, Subway, Jamba Juice, Five Guys, go Wireless, Zoom Care, Sport Clips and many others.

Property Details:

Address:
2920 Commercial St. SE
Salem, OR 97302
Price: $1,000,000
Available SF: 3,174
Zone: CR
Type: Retail
Term: Sale
Broker: Joshua Kay

Keizer Salon Space - 1,000 SF

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 negotiated to purchase outside of the lease negotiations.\
  • NNN's estimated at $0l2853/SF/mo.

Property Details:

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

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: $1.10/SF/mo. MG
Available SF: 1000
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

Miller St. SE, 350

  • The Lighthouse, an attractive medical/professional office building visible along Liberty St. SE with Miller St. SE bordering the north.
  • The office building is ADA accessible and is approximately 8,960 gross SF with 7,950 RSF. The building consists of two levels with the main level designed
    and improved for medical use, approximately 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.
  • The first floor is currently leased by Liberty Spine and Pain Clinic, who occupies 4,408 SF. Call listing office for income and expense information.
  • The nicely appointed second level is 3,542 RSF and is available for lease or suitable for an owner/user.

Property Details:

Address:
Miller St. SE, 350
Salem, OR 97302
Price: $2,150,000
Available SF: 8960
Zone: CO
Type: Office
Term: Sale
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