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Salem Office Building For Sale
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945 Columbia St NE, Salem, OR

7,362 SF office building in Salem, Oregon.

Property Size7,362 SF
Lot Size0.36 Acres
Price / SF$81.36
Days on Market649

Property Features for 945 Columbia St NE

General Information

Standard status Active
Size 7,362 SF
Lot size 0.36 Acres
Property subtype OFFICE
Listing Agency: Coldwell Banker Commercial - Mountain West | Salem
Listed By: Jeff Miller
Source: Moodyscre
Added: Oct 23, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:35AM

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 Coldwell Banker Commercial - Mountain West | Salem

Investment Insights

Based on property information with market context.

This 7,362 square foot office building, as per Marion County Records, presents a compelling opportunity for an owner/user or investor. Constructed in 1954 and remodeled in 2001-2002, the property is located in a central area of Salem, Oregon. The zoning is RA (Residential Agricultural) with an underlying RS (Single Family Residential) comprehensive plan zoning. The building is currently 100% occupied by six tenants, providing immediate income. The property is well-maintained and offers a turnkey investment. There is strong rent upside potential for an investor by restructuring the current shorter term leases upon renewal.

Key Highlights

  • 100% occupancy for immediate income.
  • Strong rent upside potential by restructuring shorter term leases.
  • Well‑maintained and turnkey investment opportunity.

Property Analytics

Current Use

NW Mind-Body Wellness Crisis Center Salem Community Development Charitable Organization Intisar Strategies Consultant Stepping Stone Mentoring Charitable Organization Cascade Lending, LLC Loan Service

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Bakery Dental Office Veterinary Clinic Parking Lot & Garage

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

1,106
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Office building - 7,362 SF office building in Salem, Oregon.
Where is this office building located?
The property is located at 945 Columbia St NE Salem, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 100% occupancy for immediate income.; Strong rent upside potential by restructuring shorter term leases.; Well‑maintained and turnkey investment opportunity.
(503) 999-5210 Call to check price and availability
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