Listing Agency: Coldwell Banker Commercial - Mountain West | Salem a***@cbcre.com Show Phone

Listed By: Kelsi Sands · License #841000042

Source: Moodyscre

Added: Mar 28, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:06AM

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Investment Insights

Based on property information with market context.

This is a 3,268 square foot office building located in Salem. Constructed in 1927, the property includes 2,020 square feet of finished space across the first and second floors, with an additional 1,248 square feet of unfinished basement space. The property is zoned MU1, and prospective buyers should verify occupancy requirements with the City of Salem. The building benefits from a strategic location within Salem.

Key Highlights

• 3,268 SF total space
• Strategic Salem location
• 2020 SF finished on 1st and 2nd floors**

Property Analytics

Property Profile

Current Use

Stillman & Associates Inc Real Estate Agency

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Locksmith Catering Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,435

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - 3,268 SF office building in a strategic Salem location.

Where is this office building located?

The property is located at 980 Market St NE Salem, OR.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 3,268 SF total space; Strategic Salem location; 2020 SF finished on 1st and 2nd floors**