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210 Capitol St NE Salem, OR 97301

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For Sale
$1,600,000

Rare opportunity: developable land across from Oregon State Capitol grounds.

Lot size:
0.54 Acres

Property Features for 210 Capitol St NE

General Information

Lot size
0.54 Acres

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Listing Contact
Nick Williams, CCIM
Source: Corfac

Listing Agent: Nick Williams, CCIM

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

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Overview

Developable Land Near Oregon Capitol

This property presents a rare opportunity to acquire developable land situated directly across the street from the Oregon State Capitol grounds. The most promising use for the site appears to be office development; however, multi-family housing, hospitality ventures, and even a parking facility could be viable options and have conditional approval within the current zoning regulations. The office space vacancy rate in the Salem/Keizer area is under 5%, and less than 1% within six blocks of the State Capitol. Given rising market rents and stabilizing construction costs, market conditions seem favorable for office development. Strong demand also exists for housing and hospitality options near state government offices. The property is located one block from Willamette University and four blocks from the Salem Central Business District. It is within walking distance of the Salem Amtrak station and the local hospital. Full environmental studies and work have been conducted on the property, and a conditional "No Further Action" notice from the Department of Environmental Quality is available.
Location Intelligence

Current Use by Public Records

Commercial land

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
-123.0279294
Latitude
44.9388183

FAQs

What type of property is this?
Commercial land - Rare opportunity: developable land across from Oregon State Capitol grounds.
Where is this commercial land located?
The property is located at 210 Capitol St NE Salem, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Rare developable land opportunity directly across from the Oregon State Capitol.; - High potential for office development due to low vacancy rates (under 1% near Capitol).; - Conditional approval within current zoning for multi-family, hospitality, or parking facility.
More about this property
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