UNDER CONTRACT – Historic Farrar Building

353 State Street, Salem, OR, USA

The historic building offers an opportunity for owner-occupancy with ancillary income from two existing tenants. Approximately 3,400 USF on the main level is vacant and ready for use. There is also approximately 6,000SF in the basement which adds a lot of opportunity to a buyer. Fantastic location in downtown Salem along Durbin’s Alley. Amazing brick architectural features and four store fronts provide a lot of opportunity to customize the building. Join First Commercial Real Estate Services and The Arbor in this iconic building. There are Urban Renewal Area funds available for redevelopment and tenant improvements meeting certain economic development requirements.

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Property Details

  • Property Type(s): Office Retail
  • Price: $1,235,000
  • Available: 13,068 (3,400 vacant)
  • Zone: CBD

Listing Agent

Jennifer Martin