Downtown Main-Level Office
For Lease
Contact for pricing
475 Cottage St NE, Salem, OR 97301
Main-level office space with a shared lobby, on-street parking, and a private parking lot for employees and clients.
Space Size5,266 SF
Days on Market573
Property Features for 475 Cottage St NE
General Information
Standard status
Active
Size
5,266 SF
Property subtype
OFFICE
Lease Type
Full Service
Amenities
shared lobby
private parking lot
Spaces For Lease
at 475 Cottage St NE Contact us- Floor
- 1
- Size
- 5,266 SF
- Type
- OFFICE
- Lease Type
- FULL_SERVICE
- Availability
- AVAILABLE, Now
- Sublease
- No
475 Cottage St NE $26.40/SF/Yr
- This main level professional office space located downtown on the corner of Cottage...
show more
Contact us
Listing Agency:
First Commercial Real Estate
(503) 364-7400
Listed By:
Jennifer Martin · License #201247465
Source:
Moodyscre
Added: Jan 13, 2025
Changed: Aug 8
Last Checked: Aug 9 at 8:50AM
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
Investment Insights
Based on property information with market context.
This main-level professional office space is located downtown on a corner site at Cottage and Marion, offering access through a beautiful shared lobby at the building entrance. The layout provides a flexible foundation for a tenant to build out an ideal configuration, with potential for a mix of executive offices, open work area, conference rooms, and a reception or waiting area.
The property is described as being centrally located in the downtown business district, with lots of on-street parking as well as a private parking lot for employees and clients.
The asking lease rate is stated to not consider amortization of any tenant-specific improvements over a market TI allowance. Any negotiated landlord incentives will be based on the tenant’s credit quality and the length of the initial lease term.
The property is described as being centrally located in the downtown business district, with lots of on-street parking as well as a private parking lot for employees and clients.
The asking lease rate is stated to not consider amortization of any tenant-specific improvements over a market TI allowance. Any negotiated landlord incentives will be based on the tenant’s credit quality and the length of the initial lease term.
Key Highlights
- Main‑level professional office space located downtown on the corner of Cottage and Marion
- Shared lobby at the building entrance
- On‑street parking plus a private parking lot for employees and clients
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.96 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,833
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Salem, OR
$23.72 /SF/Yr
Avg Asking Price
$8.88–$54.55 /SF/Yr
Price Range
8,656 SF
Avg Space Size
This space is priced 11% above the average of $23.72 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Main-level office space with a shared lobby, on-street parking, and a private parking lot for employees and clients.
Where is this office units located?
The property is located at 475 Cottage St NE Salem, OR.
What is the lease rate?
The lease rate is $26.40 SF/Yr.
What are key features of this property?
This property features: Main‑level professional office space located downtown on the corner of Cottage and Marion; Shared lobby at the building entrance; On‑street parking plus a private parking lot for employees and clients
