First-Floor Office
For Lease
Contact for pricing
240-248 Commercial St NE, Salem, OR 97301
Single office suite with alley access, a shared restroom, and dedicated double parking.
Space Size400 SF
Property Size6,797 SF
Lot Size0.12 Acres
Days on Market196
Property Features for 240-248 Commercial St NE
General Information
Standard status
Active
Size
400 SF
Net Rentable
400 SF
Total Parking Spaces
2
Lot size
0.12 Acres
Property subtype
Street Retail
Zoning
CB
Lease Type
Modified Gross
Space & Availability
Available Space
400 SF
Contiguous Space
400 SF
Floor
1
Space Use
Office
Lease Terms
Lease Rate
$950 /USD/MO
Monthly Rent
$950
Rent per SF/Year
$28.50
Additional Details
Road Access
Yes
Amenities
common area restroom
Building Details
Building Size
6,797 SF
Year Built
1889
Spaces For Lease
at 240-248 Commercial St NE Contact us- Size
- 400 SF
- Lease Type
- Modified Gross
#240-B First Floor Office - $950/Mo/MG
Listing Agency:
Legacy Real Estate Commercial
Listed By:
AJ Nash · License #201208908
(503) 390-1375
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 10:19PM
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 Legacy Real Estate Commercial
Investment Insights
Based on property information with market context.
This first-floor office unit provides approximately 400 SF of workspace on the main level, along with access to a common-area restroom. The suite also includes alley access and a private double parking spot.
The property is located on Commercial Street NE in downtown Salem, one block south of Court Street. Street and parkade parking are available nearby, with Riverfront Park, restaurants, and retailers within walking distance. The property includes 0.12 acres of CB-zoned land and was built in 1889.
The property is located on Commercial Street NE in downtown Salem, one block south of Court Street. Street and parkade parking are available nearby, with Riverfront Park, restaurants, and retailers within walking distance. The property includes 0.12 acres of CB-zoned land and was built in 1889.
Key Highlights
- Approximately 400 SF first‑floor office unit
- Private double parking spot included
- Alley access and common‑area restroom
Property Analytics
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.27 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,569
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
$20.3 /SF/Yr
Avg Asking Price
$9–$27 /SF/Yr
Price Range
8,411 SF
Avg Space Size
This space is priced 40% above the average of $20.3 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Single office suite with alley access, a shared restroom, and dedicated double parking.
Where is this office units located?
The property is located at 240-248 Commercial St NE Salem, OR.
What are key features of this property?
This property features: Approximately 400 SF first‑floor office unit; Private double parking spot included; Alley access and common‑area restroom
