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Renovated Office Suite
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For Lease
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229 Madrona Ave SE, Salem, OR 97302

Tenant-specific improvements can include reception, private offices, and a kitchenette.

Space Size1,021 SF
Days on Market4

Property Features for 229 Madrona Ave SE

General Information

Standard status Active
Size 1,021 SF
Property subtype OFFICE

Space & Availability

Space Use Office
Private Offices 3

Amenities

signage

Spaces For Lease

at 229 Madrona Ave SE
229 Madrona Ave SE $1.80/SF/Mo
Floor 1
Size 1,021 SF
Type OFFICE
Availability AVAILABLE, Now
Sublease No
-Suite will be renovated to tenant’s needs including: reception area, up to 3 offices and kitchenette. - New carpet, paint, lighting and restroom. - Signage available. - Ideal for counselors, bookeeping, attorney firm and other professional office users. - Call listing broker for a tour
Contact us
Listing Agency: Mosar Commercial Properties
Listed By: Mike Mosar
Source: Moodyscre
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 16 at 10:25AM

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 Mosar Commercial Properties

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The office suite at 229 Madrona Ave SE contains 1,021 square feet. Planned work can be tailored to tenant needs, with a reception area, as many as three offices, and a kitchenette. Improvements include new carpet, paint, lighting, and a restroom.

Signage is available at the property. The suite is located in Salem, Oregon.

Key Highlights

  • 1,021‑square‑foot office suite at 229 Madrona Ave SE
  • Layout can include reception, up to 3 offices, and a kitchenette
  • New carpet, paint, lighting, and restroom included in planned renovation

Property Analytics

Current Use

OMAC Advertising Marketing & Advertising

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Locksmith Catering 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

935
Businesses Nearby

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

Market

Lease Benchmarks for Salem, OR

$26.61 /SF/Yr
Avg Asking Price
$15–$51.76 /SF/Yr
Price Range
9,236 SF
Avg Space Size

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 units - Tenant-specific improvements can include reception, private offices, and a kitchenette.
Where is this office units located?
The property is located at 229 Madrona Ave SE Salem, OR.
What are key features of this property?
This property features: 1,021‑square‑foot office suite at 229 Madrona Ave SE; Layout can include reception, up to 3 offices, and a kitchenette; New carpet, paint, lighting, and restroom included in planned renovation
(971) 273-7670 Call to check price and availability
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