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Historic Retail Space
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120 Liberty Street Northeast, Salem, OR 97301

CB-zoned space places a retail operation within downtown Salem’s walkable central business district.

Space Size8,050 SF
Property Size42,205 SF
Days on Market6

Property Features for 120 Liberty Street Northeast

General Information

Standard status Active
Size 8,050 SF
Property subtype Retail
Zoning CB
Lease Term NNN

Building Details

Building Size 42,205 SF

Spaces For Lease

at 120 Liberty Street Northeast Contact us

447 State St $1.80/SF/Mo

Size
8,050 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Curt Arthur, SIOR · License #201230204
Source: Buildout
Added: Aug 26 Changed: Aug 28 Last Checked: Aug 30 at 3:28PM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

The Roth McGilcrest Building offers retail space with historic architectural character and contemporary usability. Its CB (Central Business) zoning supports a broad range of commercial uses, making the property adaptable for businesses seeking a downtown setting.

Located at 120 Liberty Street Northeast in Salem, the property sits near State Street, shops and restaurants along the Liberty Street corridor, and the Oregon State Capitol. Walkable surroundings support convenient access, while paid on-street parking and nearby public parking provide options for employees and visitors.

Key Highlights

  • CB (Central Business) zoning supports a broad range of commercial uses
  • Historic architectural character paired with modern usability
  • Located at 120 Liberty Street Northeast in downtown Salem

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Catering Service Fish Market Butcher

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

Location Intelligence

Trade Area within ½ mile

4,289
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

Lease Benchmarks for Salem, OR

$34.1 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
10,545 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - CB-zoned space places a retail operation within downtown Salem’s walkable central business district.
Where is this retail space located?
The property is located at 120 Liberty Street Northeast Salem, OR.
What are key features of this property?
This property features: CB (Central Business) zoning supports a broad range of commercial uses; Historic architectural character paired with modern usability; Located at 120 Liberty Street Northeast in downtown Salem
More about this property
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