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    Liberty St Salem, OR 97302

    For Sale
    $985,000

    Historic Charm, Modern Office Space, Prime Location

    Property size:
    3,228 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This beautifully renovated 3,228 square foot office building presents a unique opportunity in Salem's desirable Commercial/Liberty corridor. Originally constructed in 1908, this charming property has undergone significant improvements, ensuring modern functionality while retaining its historic character. A complete remodel in 2019 included a new roof, enhancing both aesthetics and energy efficiency. Further upgrades in 2024 encompassed the installation of new upstairs windows, improving natural light and insulation, and a new driveway entrance, enhancing accessibility and curb appeal. Situated on a 0.26-acre lot, the building offers ample space for a variety of professional uses. The property is ideally suited for businesses seeking a prestigious address and a blend of historic charm and contemporary amenities. Its prime location within the Commercial/Liberty corridor provides excellent visibility and convenient access to major thoroughfares, making it an attractive option for professionals such as lawyers, CPAs, engineers, or other office-based businesses. The well-maintained condition of the building reflects a commitment to quality and longevity, promising a rewarding investment for the discerning buyer. This is a rare opportunity to acquire a meticulously updated historic building in a highly sought-after location. The asking price for this exceptional property is $985,000.

    Property Features for Liberty St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,228 SF
    Lot Size
    11,326 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0452
    Latitude
    44.91311

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Office Space, Prime Location
    Where is this office property / space located?
    The property is located at Liberty St Salem, OR.
    What is the asking price?
    The asking price for this property is $985,000.
    (971) 273-7670
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    Liberty St Salem, OR 97302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Liberty St Salem, OR 97302
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