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    217 State St Salem, OR 97301

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    For Sale
    $1,895,000

    13,270 SF retail property in Salem for sale.

    Property size:
    25,126 SF
    Lot size:
    0.16 Acres

    Property Features for 217 State St

    General Information

    Size
    25,126 SF
    Lot size
    0.16 Acres

    Source: Tradition Real Estate Partners Agent AJ Nash

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

    Overview

    High Visibility Location on State

    This 13,270 square foot retail property is located on State Street in a high visibility location at a signaled intersection. The property is zoned CB and is situated across from Riverfront Park. It benefits from being located in a Qualified Opportunity Zone (QOZ) and offers a 20% Historic Tax Credit. The property also features a private upper level parking garage and is eligible for up to $699,000 in Urban Renewal Grant Funds. The lot size is 25,126 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Lofty Designs Florist | Flower Delivery Salem OR, Flowers in the Alley, Lollypops & Roses, Flowers & Gifts at Roth's, Little Lantern Floral LLC

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0416403
    Latitude
    44.9409531

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    FAQs

    What type of property is this?
    Storefront property - 13,270 SF retail property in Salem for sale.
    Where is this storefront property located?
    The property is located at 217 State St Salem, OR.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: - Up to $699,000 in Urban Renewal Grant Funds available; - High Visibility Location; - Private Upper Level Parking Garage
    (503) 559-9279
    Request Owner's contact information
    217 State St 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
    217 State St Salem, OR 97301
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