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Downtown Salem Office Building
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435 Commercial St NE, Salem, OR 97301

Modern office building in downtown Salem with ample parking.

Space Size2,340 SF - 4,763 SF
Days on Market1952

Property Features for 435 Commercial St NE

General Information

Standard status Active
Size 2,340 SF - 4,763 SF
Property subtype Office
Lease Type Full Service

Building Details

Tenancy Multiple

Spaces For Lease

at 435 Commercial St NE Contact us

Suite 100 & 150

Size
4,763 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 100

Size
2,340 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 150

Size
2,423 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: SMI Real Estate
Listed By: Elesa Doll · License #OR 200708163
Source: Crexi
Added: Apr 19, 2021 Changed: Aug 21 Last Checked: Aug 22 at 9:18AM

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 SMI Real Estate

Investment Insights

Based on property information with market context.

This modern one-level office building is situated in a high-visibility location in the heart of downtown Salem. The property features 92 parking spaces and offers convenient access to West Salem, South Salem, Keizer, the parkway, and Mission Street, with connectivity to Interstate 5. The anchor tenant is the Oregon State Marine Board. The building includes multiple offices and breakroom areas. Please do not disturb the other tenants.

Key Highlights

  • High visibility location in the HUB of Downtown Salem.
  • 92 parking spaces.
  • Anchor tenant is the Oregon State Marine Board.

Property Analytics

Current Use

Oregon State Marine ... Government Office Southwell Law, LLC Law Firm David H. Leonard Law Firm Churchill Leonard, LLP Law Firm Jamel Porta Potty ... Building Supply

Suggested Use

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

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

Lease Details

NNN (Triple Net)
Lease Type
$2.61 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,178
Businesses Nearby

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Modern office building in downtown Salem with ample parking.
Where is this office building located?
The property is located at 435 Commercial St NE Salem, OR.
What is the lease rate?
The lease rate is $17.40 SF/Yr.
What are key features of this property?
This property features: High visibility location in the HUB of Downtown Salem.; 92 parking spaces.; Anchor tenant is the Oregon State Marine Board.
(503) 390-6060 Call to check price and availability
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