Fully Leased Office
For Sale
$940,000
1414 SW 3RD AVE 2802 2802, Portland, OR 97301
Fully leased Salem office building with 3 leases and significant interior renovation completed between 2021 and 2025.
Property Size1,881 SF
Price / SF$22.67
Days on Market58
Property Features for 1414 SW 3RD AVE 2802 2802
General Information
Standard status
Active
Size
1,881 SF
Property subtype
Condominium
Occupancy
95%
Building Details
Building Size
1,881 SF
Year Built
1956
Tenancy
Multi
Listing Agency:
Evans, Elder, Brown & Seubert
(541) 345-4860
Listed By:
Emily Hetrick · License #200002060
(503) 927-3663
Source:
Realestatepdx
Added: Jun 26
Changed: Aug 19
Last Checked: Aug 21 at 3:54AM
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 Evans, Elder, Brown & Seubert
Investment Insights
Based on property information with market context.
Fully leased office building offering 41,472 square feet across 3 leases. Approximately 95% of the building is leased to Marion County Public Defender and the State of Oregon Public Defense Fund.
The property is located at 198 Commercial St in Salem, directly across the street from the Convention Center. Interior renovations were completed between 2021 and 2025, supporting the building’s current tenant-ready condition.
The property is located at 198 Commercial St in Salem, directly across the street from the Convention Center. Interior renovations were completed between 2021 and 2025, supporting the building’s current tenant-ready condition.
Key Highlights
- Fully leased 41,472 SF Salem office building across the street from the Convention Center
- Building includes 3 leases, with 95% leased to Marion County Public Defender and State of Oregon Public Defense Fund
- Interior renovations completed between 2021 and 2025 with significant interior renovation work
Property Analytics
Current Use
Lease Details
95%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,352
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
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased Salem office building with 3 leases and significant interior renovation completed between 2021 and 2025.
Where is this office building located?
The property is located at 1414 SW 3RD AVE 2802 2802 Portland, OR.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Fully leased 41,472 SF Salem office building across the street from the Convention Center; Building includes 3 leases, with 95% leased to Marion County Public Defender and State of Oregon Public Defense Fund; Interior renovations completed between 2021 and 2025 with significant interior renovation work
