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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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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.

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

Downtown Small Office Suite

Downtown 2nd floor small office space.

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 Ste 206
Salem, OR 97301
Price: $365.00 - Full Service
Available SF: 139 SF +/-
Zone: CB (Central Business District)
Type: Office
Term: Lease
Broker: Ruth Dana/Jordan Truitt

Elmira Residence & Commercial Investment Opportunity

Property contains two building structures, a primary residence and a two-tenant commercial space.  Shop rents for $950/mo.  Retail space rents for $500/mo.  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: $229,000 - PRICE REDUCED
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 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

Free Standing Building | Corner Location

Free standing, 4,000 SF single level utility building currently used for automotive repair and service.  The current use has been in place for decades. The interior includes one restroom, waiting area and business office.  The property provides for ample on-site parking.

  • Excellent visibility and exposure along State and 25th
  • Good ingress/egress via State/25th Streets
  • On signalized corner
  • Excellent property for re-purposing for an owner/user within the newly created Mixed-Use (MUII) Zone.

Property Details:

Address:
2530 State Street
Salem, OR 97301
Price: $499,000
Available SF: 4,000
Zone: MUII
Type: Retail
Term: Sale
Broker: Terri Frohnmayer & Jordan Truitt

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

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

Last Available Lot - Madrona Office Park

  • Last available buildable lot in the attractive Madrona Office Park; a five building office campus situated on approx. 2.46 acres in beautiful park like setting.
  • The site exceeds code parking requirements with a dedicated 3.8 parking ratio for the future building.
  • The office campus consists of a shared ingress/egress easement and includes an association with CC&R's to maintain common elements and uniformity throughout the campus.
  • The building exterior design requires existing defined design elements elements as seen in the current buildings within the park; however, the Buyer can build-to-suit its own specific interior requirements.

Property Details:

Address:
2000 Blk Madrona Ave. SE (Lot 3)
Salem, OR 97302
Price: $376,000
Available SF: .66 Acres
Zone: IC
Type: Land
Term: Sale
Broker: Terri Frohnmayer

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 1.04 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: $2025000
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

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: $Call Broker
Available SF: 2,957 to 21,670
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller

PENDING: 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

Portfolio of Four Industrial/Office Buildings

Sale Price - All 4 Buildings - $3,900,000

BUILDING A: 10476 SUNNYSIDE RD. SE - $2,600,000 
2.00 acres and improved with a 27,600 SF concrete tilt warehouse with corporate office facilities. 24,000 SF (150' x 160') of fully-insulated, gas heated and clear span warehouse and 3,600 SF of corporate grade office space on two levels.  Brand new fire suppression system throughout warehouse and lab areas. Three large grade level overhead doors and four dock high 8' x 8' roll doors. APN R36285.

BUILDING B1: 10466 SUNNYSIDE RD. SE - $950,000 
11,200 SF free span warehouse, pre-engineered structure with 20' eves and four 16' x 18' grade level overhead roll doors. 8,200 SF is currently leased through 01/31/2023 with 2 options
to extend. Fully renovated, 1,968 SF free-standing office building included. APN R36287.

BUILDING B2: 10466 SUNNYSIDE RD. SE - $850,000
13,250 SF warehouse that is pre-engineered with metal clad siding. Currently leased to long-term tenant, Sharpcor Inc. through 03/31/2020. This building is planned to be partitioned
from the existing lot. APN R36287.

Property Details:

Address:
10466-10476 Sunnyside Rd. SE
Jefferson, OR 97352
Price: $3,900,000
Available SF: 52,050
Zone: Industrial
Type: Industrial
Term: Sale
Broker: Joshua Kay

Prime Corner Location - Dallas OR

.49 Acres on two tax lots consisting of Commercial General zoned ground with an existing 1,118 SF building currently being used for a service station including gas sales and automotive repair

Excellent visibility on prime corner in Dallas, OR adjacent to Safeway and Walmart.  High traffic count intersection.

Property Details:

Address:
120 E Ellendale Ave.
Dallass, OR 97338
Price: $795,000
Available SF: .49 Acres
Zone: CG
Type:
Term:
Broker: Ruth Dana

Professional Clinic

SIZE
Professional Dental/Medical Office Approx. 4,976 SF on 0.35 acre (15,246 SF)

FEATURES
• Professional building currently includes a large reception/waiting area, 11 treatment rooms, 4-6 private offices, ADA restrooms and lab areas. The clinic is nicely designed and is well maintained.
• Lighted pole sign fronting Silverton Road goes with the property.
• On-site parking for both clients and employees and additional parking may be obtained across the alley for a fee.

Property Details:

Address:
4175 Silverton Rd. NE
Salem, OR 97305
Price: $795,000
Available SF: Approx. 4,976 SF on 0.35 acre
Zone: CR (Commercial Retail)
Type: Office
Term: Sale
Broker: Terri Frohnmayer

Professional Office in Croisan Creek Park

FEATURES
• Home to office conversion located in Croisan Creek Park on River Road South.
• Building has one private office, 2 large open work spaces, full kitchen with appliances, 2 restrooms (1 is
ADA), large walk-in supplies closet and two separate exposed loft storage areas, one accessible by stairs
and the other by drop down ladder.
• 12 on-site parking spaces, two of which are ADA.

Property Details:

Address:
3165 River Rd. South
Salem, OR 97302
Price: $1.45/SF/Mo. - Full Service
Available SF: Approx. 2,036 SF office building
Zone: CR (Commercial Retail)
Type: Office
Term:
Broker: Joshua Kay

Professional Office or Retail Building

Well located building that has most recently been used for medical, but could also be converted to retail.  Built in 1964 and renovated in 1998.  The building is currently configured with a large reception/waiting area with built-in reception counter and administrative office behind.  There are seven exam/treatment rooms, five of which are equipped with sinks.  The east end of the space has a separate entrance to area that was used as display. 

A stairwell provides access to the second floor, which includes a small laboratory, a kitchenette, private office and a single restroom with employee lockers.  

  • Located in one of Salem's Opportunity Zones.
  • Highly desirable location for medical/professional office or retail users. 
  • Centrally positioned for accessing all areas of Salem.
  • Excellent exposure and building signage fronting Capitol St. with visibility from Union Street as well.
  • 14 on-site parking spaces including one (1) ADA.

Property Details:

Address:
660 Capitol St. NE
Salem, OR 97301
Price: $605,000
Available SF: 2,897 +/-
Zone: CR (Commercial Retail)
Type: Office, Retail
Term: Sale
Broker: Terri Frohnmayer, Ruth Dana, Jordan Truitt

Professional Office Space Visible to Liberty St. SE

FEATURES
• Professional office building known as the "Lighthouse" Professional office. 

 • Elevator served second story office space consisting of numerous private offices, large conference room, break area, storage capacity and restrooms.

• The interior of the space is nicely designed with expansive windows and the interior office layout is very functional with 7 private offices.

 

 

Property Details:

Address:
350 Miller Street SE
Salem, OR 97302
Price: $1.65/SF/Mo. - Modified Gross
Available SF: Approx. 3,542 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Terri Frohnmayer