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    300-390 High St SE Salem, OR 97301

    For Sale
    $5,950,000

    Fully occupied commercial property in Salem's Central Business District.

    Property size:
    61,521 SF

    Property Features for 300-390 High St SE

    General Information

    Size
    61,521 SF

    Building Details

    Year built
    1977

    Source: Curt Arthur, SIOR Agent Curt Arthur, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Salem Investment Opportunity

    Located in downtown Salem, this property offers an investment opportunity with a total building area of 61,521 square feet, of which 52,845 square feet is net rentable area. The property comprises 22 units across 4 buildings and is zoned CBD - Central Business District. Building A has 16,908 square feet, Building B has 19,699 square feet, Building C has 20,178 square feet, and Building D has 4,736 square feet. The property is at 99% occupancy with upside in rents. The location is surrounded by dining, retail, office, and entertainment options. It is near the Oregon State Capitol, Willamette University, Bush Park, and Pringle Park. With access to major transportation routes, this asset presents an attractive proposition for property owners seeking a well-positioned investment in Salem's market. The property is a desirable asset for retail and office investors.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.035174
    Latitude
    44.942441

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    FAQs

    What type of property is this?
    Shopping mall - Fully occupied commercial property in Salem's Central Business District.
    Where is this shopping mall located?
    The property is located at 300-390 High St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: - Prime location in the heart of downtown Salem, zoned Central Business District (CBD).; - Significant rental upside potential.; - High occupancy rate of 99%.
    (503) 559-7990
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    300-390 High St SE Salem, OR 97301
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    Salem, OR 97301
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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
    300-390 High St SE Salem, OR 97301
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