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    370 State St Salem, OR 97301

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    For Lease
    $1.75 SF/Yr

    Two-story retail building with storefronts in vibrant downtown Salem.

    Property size:
    3,060 SF
    Lot size:
    0.08 Acres

    Property Features for 370 State St

    General Information

    Size
    3,060 SF
    Lot size
    0.08 Acres

    Source: First Commercial Real Estate Agent Jennifer Martin

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

    Overview

    Downtown Retail Space For Rent

    This two-story, mid-block retail building is located in the heart of downtown Salem and features two storefronts. The available retail spaces measure 3,060 square feet and 3,672 square feet. Situated on a vibrant block of State Street, the property is near businesses such as Wild Pear, Taproot, Manna Bakery, Ritter's, and Fork Forty. This property presents an opportunity for businesses seeking space in a historic building.
    Insight Report Location Intelligence

    Current Use by Public Records

    Adolph Block Historical Landmark

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0394954
    Latitude
    44.9399463

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    FAQs

    What type of property is this?
    Retail space - Two-story retail building with storefronts in vibrant downtown Salem.
    Where is this retail space located?
    The property is located at 370 State St 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: - Located in the heart of downtown Salem on vibrant State Street; - Two available retail spaces: **3,060 SF and 3,672 SF**; - Surrounded by popular businesses: Wild Pear, Taproot, Manna Bakery, Ritter's, and Fork Forty
    (503) 364-7400
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    370 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
    370 State St Salem, OR 97301
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