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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


VISTA340 - 100% LEASED

• Long known as the Prudential Building this building is an iconic staple to the South Salem landscape. Now christened VISTA340, this office building is new inside and out.
• Rich Duncan Construction is the project coordinator for this beautiful remodel.
• Lease is a full service rate less janitorial.
• Lease rate includes a Tenant Improvement (TI) allowance for new floor coverings, wall paint and some wall structures for a qualified tenant.

Property Details:

Address:
340 Vista Ave. SE
Salem, OR 97302
Price: $CONFIDENTIAL
Available SF:
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

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

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; 2450; and 5453
Zone: IC (Industrial Commercial)
Type: Office
Term: Lease
Broker: Joshua Kay, 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 - 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

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

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 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.

The existing configuration of the space allows for four (4) individual Tenantsuites of approximately 2,000 SF each. Conversely, one Tenant can absorb all of the usable square footage.

*Owner is fully paving and fencing perimeter of yard space in the coming weeks.

Tenant is responsible for: Water, Electricity, Gas, Contents & Liability Insurance, Trash Removal, Property Taxes.

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: 8,000 SF +/- Warehouse | 23,958 SF +/- Yard Area
Zone: IG (Industrial General)
Type: Industrial
Term: Lease
Broker: Joshua Kay

Industrial Warehouse/Manufacturing w/ Dock

Total of approx. 26,660 SF
• 22,364 SF Industrial Floor
• 2,846 SF 1st floor office/break area
• 1,450 SF second floor office

Unit B Available For Lease (10,481 SF approx.)

Property Details:

Address:
1947 Claxter Rd. NE
Salem, OR 97301
Price: $2,150,000.00 | $0.55/SF/Mo - Modified Gross
Available SF: Approx. 26,660 SF warehouse w/ dock
Zone: IP (Industrial Park)
Type: Industrial
Term: Sale, Lease
Broker: Terri Frohnmayer & Jeff Miller

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

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

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

Professional Office in Croisan Creek Park

Professional Offi ce Building (Home to office conversion)

• 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.
• Most recent additions include, new carpet, paint and a network upgrade throughout for multiple work stations.
• Dual entrances from both the east and west sides of the building. The west entrance has an ADA ramp.

Property Details:

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

Professional Office Space - Sub Lease

Small Office that has been occupied by a dentist but could be used for salon/day spa, massage therapist or general office use.  Located on the north end of downtown Salem, just north of the newly proposed Salem Police Station.

Space is configured with front office area, reception area, exam rooms with sinks, lab area, breakroom and two restrooms.  Outside storage area as well as basement storage with washer/dryer hook-up.  Central vacuum system.  Gorgeous views of Mill Creek!

Property Details:

Address:
868 Commercial
Salem, OR 97301
Price: $1,800.00/mo. MG
Available SF: 1,061
Zone: CG - Commercial General
Type: Office
Term: Lease
Broker: Ruth Dana

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: $1.80/SF/Mo. - Modified Gross
Available SF: Approx. 3,542 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Terri Frohnmayer