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    454 Church St NE Salem, OR 97301

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    For Lease
    $1.75 SF/Yr

    New construction retail or office space in prime downtown location.

    Property size:
    1,261 SF
    Lot size:
    0.62 Acres

    Property Features for 454 Church St NE

    General Information

    Size
    1,261 SF
    Lot size
    0.62 Acres

    Source: Coldwell Banker Commercial - Mountain West | Salem Agent Jeff Miller

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

    Overview

    New Retail/Office Space Available

    Two options remain within Hope Plaza, offering new construction, first-generation space. Lease rates are dependent upon the tenant’s business type and their willingness to provide support services to the clients of the Center for Hope and Safety. The property features a prime downtown location with high visibility and accessibility. The modern architecture provides a spacious layout. The versatile floor plan allows for customization. The property includes prominent street frontage for maximum exposure. It is ideal for a variety of retail or office uses. The property has a size of 1261 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0333386
    Latitude
    44.9428985

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    FAQs

    What type of property is this?
    Retail space - New construction retail or office space in prime downtown location.
    Where is this retail space located?
    The property is located at 454 Church St NE Salem, OR.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location; - High visibility and accessibility; - New construction / First generation space
    (503) 999-5210
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    454 Church St NE 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
    454 Church St NE Salem, OR 97301
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