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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


12th Street Office Building

Fully improved professional office building, approximately 6,338 SF on 0.41 acre

• Professional office building with several points of entry suitable for single or multi-tenant use
• Two story building includes a reception/waiting area on each floor with numerous private offices
• Approx. 15 private offices, three generous conference areas, six restrooms and one break area
• Constructed in 1967 (remodeled over the years) and is designed around an outdoor courtyard
• There are approximately 20 to 22 on-site parking spaces for both clients and employees

Property Details:

Address:
2701-2731 12th Street SE
Salem, OR 97302
Price: $REDUCED: Now: $598,000.00 | Lease: $1.20/SF/Mo (1st Floor) $1.10/SF/Mo. (2nd Floor)
Available SF: Approx. 6,338 SF on 0.41 acre | Various suite sizes available for lease
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

12th Street Office Suite

SUITE SIZE AND LEASE RATE
$0.90/SF/MO - Modified Gross
Tenant responsible for electricity, garbage, interior maintenance, telephone/internet, security and janitorial.
Suite 240: Approx. 2,045 SF +/-

Property Details:

Address:
2735 12th Street SE
Salem, OR 97302
Price: $0.90/SF/Mo. - Modified Gross
Available SF: Approx. 2,045 SF +/-
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Jeff Miller

20,600 SF Lower Level Retail/Office

FEATURES
• Located on the north end of downtown Salem, the space is in the same building as the Grocery Outlet food store, which is very visible from Commercial St. NE.
• The change in zone to CB (Commercial Business District) will allow for more flexibility in uses, including office,
retail, some wholesale, public administration, religious organizations and personal and business services

Property Details:

Address:
299 D Street NE
Salem, OR 97301
Price: $0.55/SF/Mo. - NNN
Available SF: Approx. 20,600 SF
Zone: CB (Commercial Business District)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

Allen Plaza

FEATURES

• Very nice office/retail Investment Property:  2 commercial buildings, approx. 13,500 SF on one tax parcel, approx. 0.77 acre.
• Great central Keizer location with easy access to I-5 via Salem Parkway
• Signage is available on River Road and Cherry Ave. and above entrance to the suite

• Only one suite available for lease. Current tenants: York Custom Mechanical, Salem-Keizer Brazilian Jiu-Jitsu and Senior Boomer News.

Property Details:

Address:
4120-4122 River Rd. NE & 4155-4159 Cherry Ave. N.
Keizer, OR 97303
Price: $1,125,000.00 | $0.70/SF/Mo. MG
Available SF: 13,500 SF (2 Bldgs) | 4120 River Rd. Suite B: 1,400 SF
Zone: CM (Commercial Mixed Use)
Type: Office, Retail
Term: Sale, Lease
Broker: Terri Frohnmayer

Candlewood Industrial Park

• 3 Single Units:  $522/month. Single unit consisting of 720 SF with one insulated man door, one 12’ grade level door, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electrical panel.
• 1 Double Unit:  $1,044/month. Double unit consisting of 1,440 SF with two insulated man doors, two 12’ grade level doors, one 75,000 BTU gas heater and one dedicated 22v, 200 amp electrical panel.

Property Details:

Address:
1237, 1241, 1263 & 1269 Candlewood Dr. NE
Salem, OR 97303
Price: $Single Unit 522/month | Double Unit: $1,044/month
Available SF: 3 Single Units Approx. 720 SF & 1 Double Unit: 1440 SF
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Commercial Street Professional Office

FEATURES
• Professional office building located on busy Commercial St. SE located just to the south of City Hall and within walking distance of downtown.

• Space is currently comprised of a nice sized reception/waiting area, numerous private and windowed offices, open landscape area, employee break area and two restrooms.

Property Details:

Address:
735 Commercial St. SE
Salem, OR 97301
Price: $500,000.00 | 1.30/SF/Mo. - Modified Gross
Available SF: Approx. 3,588 SF
Zone: CR (Commercial Retail)
Type: Office
Term: Sale, Lease
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

Downtown Small Office Suites

Offices can be rented individually or combined. Total available combined square footage is approx. 1,086 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 to $575/month
Available SF: Individual Suites from 160 SF to 350 SF
Zone: CB (Central Business District)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

Eagle Pacific Industrial Park

Eagle Pacific Industrial Park has two minute access to I-5 with direct visibility and signage from I-5. Unit A is clean warehouse/manufacturing space with an improved office that consists of 4 private offices, 1 large conference room, 1 restroom, a coffee bar/break area and a storefront entrance/reception. Additionally, there is a restroom and shower in the warehouse. Good on-site parking and signage shall be provided on the Indian School Road monument sign.

Property Details:

Address:
4925 Indian School Rd. NE - Unit A
Salem, OR 97305
Price: $0.60/SF/Mo.
Available SF: Total of 6,520 SF (4,860 SF Warehouse | 1,660 Office)
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

Ellendale Professional Building - Suite 2

Suite 2:  Approx. 1,125 SF.  Former dental office.

• Nicely appointed professional office complex comprised of 2 buildings which sit on .49 acre of land with direct ingress/egress off East Ellendale which is the main arterial in and out of Dallas.
• Zone: CG (Commercial General)

Property Details:

Address:
410 E. Ellendale Ave.
Dallas, OR 97338
Price: $1.05/SF/Mo. - Modified Gross
Available SF: Approx. 1,125 SF
Zone: CG (Commercial General)
Type: Office, Retail
Term: Lease
Broker: Jeff Miller

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

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 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: $1.80/SF/Mo. - NNN
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. 170 RSF to 12,092 RSF available
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller

Office Close to I-5

PROPERTY DESCRIPTION
• Approximately 2,637 total SF space is adjacent to Eagle Newspapers administrative offices and shares common area with Eagle. The interior common area consists of two restrooms and a large employee
break room/kitchen.
• Property includes good on-site parking for employees and has its own separate entrance.
• Direct visibility from I-5 plus excellent accessibility to/from I-5.

Property Details:

Address:
4923 Indian School Rd. NE
Salem, OR 97305
Price: $1.15/SF/Mo.- Full Service
Available SF: 2,637 SF office
Zone: IG (Industrial General)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

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