246 State St Salem, OR 97301

Listing agency NAI Farbman s***@shadyajones.com Show Phone

Listed by Shadya Jones · License #6501338373 Show Phone

Source Cbcworldwide

Added: Sep 10, 2025 Updated: May 21 at 9:18AM Checked: Apr 9 at 9:00PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman

---

Investment Insights

Based on property information with market context.

This remodeled historic building, constructed in the 1900s, offers 4,573 square feet of space. Zoned CB and located within the Salem Downtown Historic District overlay zone, the property presents an owner-user or investment opportunity with rental upside. The ground floor features a street-level retail or office space. The second floor contains two separate vacation rental units: one with one bedroom and one bathroom, and another with two bedrooms and one bathroom. This property, known as the Historic Tiger Engine Co. No. 2 Fire House, served as Salem's second firehouse in the 1900s. The property is suited for investors looking to capitalize on the demand for unique rental spaces and housing.

Key Highlights

• Historic building: Former Tiger Engine Co. No. 2 Fire House constructed in the 1900s.
• Remodeled 4,573 +/- sq. ft. building with mixed‑use potential including retail/office and vacation rentals.
• Features two separate vacation rental units on the 2nd floor (1 bed/1 bath & 2 bed/1 bath).

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $520,000

  1,892 SF

  Historic Two-Story Office Building

  Historic two-story office building built in 1900 with separate entrances for each floor and current multi-tenant occupancy.

  245 Oak St SE, Salem, OR 97301

  View Details
• 

  $1,100,000

  6,212 SF

  Flex Industrial Property with Two Buildings

  For sale as-is with two buildings totaling 6,212 SF and flexible zoning supporting multiple commercial uses.

  3125 - 3157 Portland Road NE, Salem, OR 97301

  View Details
• 

  $575,000

  2,940 SF

  Turn-Key Veterinary Clinic Building

  Freestanding commercial building delivered vacant with an interior buildout designed for veterinary clinic operations.

  5498 Commercial St SE, Salem, OR 97306

  View Details
• 

  $995,000

  9,420 SF

  Aviation Hangar Office Building

  Freestanding hangar-office with mezzanine and private offices, plus training/assembly space and private parking.

  2545 Aerial Way SE, Salem, OR 97302

  View Details
• 

  $1,100,000

  14,279 SF

  Mixed-Use Industrial with Storefronts

  Mixed-use industrial building with two storefront/showroom spaces, warehouse loading doors, and built-out second-floor offices.

  1012 Commercial St NE, Salem, OR 97301

  View Details
• 

  $1,745,000

  2,409 SF

  Single-Tenant NNN Dairy Queen

  2,409 SF corner Dairy Queen on an absolute NNN long-term lease with 32 parking spaces.

  398 Lancaster Dr NE, Salem, OR 97301

  View Details
• 

  $3,199,999

  21,851 SF

  Single-Level Downtown Office Building

  Single-level office building with prominent Commercial Street frontage and ADA amenities, suited for owner-occupied or investment use.

  435 COMMERCIAL St Unit 435, Salem, OR 97301

  View Details
• 

  $6,100,000

  27,748 SF

  Three-Story Multi-Tenant Office Building

  Three-story, multi-tenant office building with ample on-site parking and access from two streets, zoned Mixed-Use I.

  925-935 Commercial St SE, Salem, OR 97302

  View Details
• 

  $729,000

  2,400 SF

  Well-Maintained Duplex Investment

  Well maintained duplex with two units, quartz countertops, LVP flooring, recent interior paint, and included appliances.

  1014-1016 Arthur Wy NW, Salem, OR 97304

  View Details
• 

  $569,000

  2,170 SF

  Two-Unit Residential Income Property

  Turnkey two-unit income property with two 2-bedroom, 1-bath units and included laundry appliances.

  1941 Turnage St NW, Salem, OR 97304

  View Details
• 

  $3,199,999

  21,851 SF

  One-Level Office Building with Road Frontage

  One-level office building with ADA amenities and about 330 feet of frontage, offering high-visibility signage.

  435 435 Commercial St NE, Salem, OR 97301

  View Details
• 

  $1,400,000

  9,299 SF

  Commercial Portfolio with Highway Frontage

  Two-parcel commercial/industrial portfolio with showroom, office, and warehouse space.

  1994 Commercial St NE, Salem, OR 97301

  View Details

FAQs

What type of property is this?

Retail space - Remodeled historic building with retail space and vacation rental units.

Where is this retail space located?

The property is located at 246 State St Salem, OR.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Historic building: Former Tiger Engine Co. No. 2 Fire House constructed in the 1900s.; Remodeled 4,573 +/- sq. ft. building with mixed‑use potential including retail/office and vacation rentals.; Features two separate vacation rental units on the 2nd floor (1 bed/1 bath & 2 bed/1 bath).