Elevator-Served Office
1255 Lee Street SE, Salem, OR 97302
For Sale
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The second floor is divided into two suites, with a path to a single-user layout.
Property SizeContact for details
Days on Market24
Property Features for 1255 Lee Street SE
General Information
Standard status
Class
Elevators
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Building Details
Tenancy
Listing Agency:
First Commercial Real Estate Services
Listed By:
Tanner Morgan · License OR #201247465
(503) 364-7400
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 12 at 4:33AM
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 First Commercial Real Estate Services
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Investment Insights
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This Class A office building has elevator service and a second floor of approximately 14,257 square feet, currently arranged as two suites. The floor was designed for one occupant and could be reconfigured with limited work; a contiguous layout is expected to be available by mid-2027. Ground-floor suites are occupied by Merrill Lynch (Bank of America) and Bank of the Pacific.
The property sits at the intersection of 12th and Lee Street SE, across from Deepwood Estates and near downtown, Willamette University and Salem Hospital.
The property sits at the intersection of 12th and Lee Street SE, across from Deepwood Estates and near downtown, Willamette University and Salem Hospital.
Key Highlights
- Approximately 14,257 SF on the second floor
- Second floor currently configured as two suites; one contiguous space expected by mid‑2027
- Class A office building with elevator service
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,302
Businesses Nearby
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Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Salem, OR
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Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The second floor is divided into two suites, with a path to a single-user layout.
Where is this office building located?
The property is located at 1255 Lee Street SE Salem, OR.
What is the asking price?
The asking price for this property is $6,450,000.
What are key features of this property?
This property features: Approximately 14,257 SF on the second floor; Second floor currently configured as two suites; one contiguous space expected by mid‑2027; Class A office building with elevator service
