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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:

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Term:

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Properties


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 Restaurant | Retail Opportunity

• Currently outfitted for a commercial restaurant space with seating for 80 in the dining area and an additional 80 seats in the event/banquet space.
• Kitchen is fully operational with range and good, walk-in cooler and food prep stations.
• Property is located in the Riverfront Downtown Urban Renewal Area and eligible for grant financing.

Property Details:

Address:
440 State Street
Salem, OR 97301
Price: $699,000.00 | $0.80/SF/Mo. - MG
Available SF: Approx. 9,384 SF building on approx. 0.14 acre
Zone: CB (Central Business District)
Type: Retail
Term: Sale, Lease
Broker: Terri Frohnmayer & Joshua Kay

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

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

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.
  • Great parking ratio of 5.9/1,000 SF
  • Excellent accessibility to I-5 is only one half (0.5) miles from the Portland Rd. (Hwy. 99) I-5 Interchange.
  • Also 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. 2,760 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.

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

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

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 Development Land

• Property is located within minutes of I-5, both north and south bound via the Salem Parkway.
• Includes an out building and an older home constructed in 1968, approx. 2,345 SF, which has undergone upgrades over the years.
• Home is currently leased and the property is professionally managed.

Property Details:

Address:
4350 Ridge Dr. NE
Salem, OR 97301
Price: $565,000.00 ($4.27/SF)
Available SF: Approx. 3.04 acres
Zone: IG (Industrial General)
Type: Industrial
Term: Sale
Broker: Terri Frohnmayer

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.

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 1.98 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

INVESTMENT: John L. Scott West Salem Building

• This building has an attractive brick exterior, expansive windows for wonderful interior natural light.
• Includes numerous private offices throughout plus conference areas and a generous sized training room.
• Interior was professionally designed and appointed and the entire property is beautifully maintained.
• 100% leased with the following services: real estate residential sales, mortgage services, property management and legal services.

Property includes an additional buildable pad site of approx. 10,000 SF for a small future building.

Property Details:

Address:
1124 Cornucopia St. NW
Salem, OR 97304
Price: $1915000.00
Available SF: Approx. 10,378 SF on 0.84 acre
Zone: CR (Commercial Retail)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

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

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

Monmouth Church Building

This property is located in the heart of Monmouth’s downtown core, directly across the street from Western Oregon University. It is among several area restaurants, professional services and student life.
This historic church was originally built in 1892 and relocated to this site in 1933 where it has remained ever since.

Property Details:

Address:
191 Monmouth Ave. N.
Salem, OR 97361
Price: $450,000.00 ($84.54/SF)
Available SF: Approx. 5,324 SF on 0.31 acre
Zone: PS (Public Service)
Type: Other, Retail
Term: Sale
Broker: Joshua Kay

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: 2 suites: Approx. 753 RSF & 7,229 RSF
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller