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Kenneth A. Holmes Office Building
For Sale
$3,329,000

200 - 234 High Street Northeast, Salem, OR 97301

Downtown office property with glass-fronted street exposure, multiple tenants, and secure structured parking.

Property Size23,411 SF
Price / SF$72.90
Days on Market51

Property Features for 200 - 234 High Street Northeast

General Information

Standard status Active
Size 23,411 SF
Class B
Total Parking Spaces 65
Property subtype Office

Building Details

Building Size 23,411 SF
Year Built 1964
Buildings 1
Tenancy Multi
Listing Agency: Capacity Commercial Group
Listed By: Curt Arthur, SIOR · License ##910200259
Source: Buildout
Added: Aug 26 Changed: Aug 29 Last Checked: Oct 14 at 9:29PM

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

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Investment Insights

Based on property information with market context.

The Kenneth A. Holmes Building is a downtown office property constructed in 1964, with a glass-fronted exterior and office space occupied by multiple tenants. A secure 65-car parking garage is part of the property, providing dedicated parking in the Central Business District.

The building occupies the intersection of High St and Ferry St in Salem, within the city’s CBD. The Salem Convention Center is located two blocks away, and the property’s corner position places it at a prominent downtown crossroads.

Key Highlights

  • 65‑car secure parking garage
  • Office space leased to multiple tenants
  • Located at High St and Ferry St

Property Analytics

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Current Use

Office buildings

Suggested Use

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

Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Downtown office property with glass-fronted street exposure, multiple tenants, and secure structured parking.
Where is this office building located?
The property is located at 200 - 234 High Street Northeast Salem, OR.
What is the asking price?
The asking price for this property is $3,329,000.
What are key features of this property?
This property features: 65‑car secure parking garage; Office space leased to multiple tenants; Located at High St and Ferry St
More about this property
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