Elevator-Served Multi-Tenant Office
New
For Sale
$2,950,000
2405 FRONT ST NE, Salem, OR 97301
Fully occupied professional office property with riverfront setting, multiple tenants, and additional land for future planning.
Property Size23,558 SF
Lot Size4.00 Acres
Price / SF$127.82
Days on Market5
Property Features for 2405 FRONT ST NE
General Information
Standard status
Active
Size
23,558 SF
Elevators
Yes
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
MU-R, RS
Occupancy
100%
Net Operating Income
$125,000
Taxes and HOA fees
Annual Taxes
$195
Building Details
Building Size
23,558 SF
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
Good Moves Oregon LLC
(503) 999-9046
Listed By:
Gregory Goodenough
(503) 999-9046
Source:
Harcourtselite
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 11:47AM
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 Good Moves Oregon LLC
Investment Insights
Based on property information with market context.
Built in 1978, this elevator-equipped office property contains 23,079 SF across a multi-tenant building serving professional service, healthcare, and nonprofit occupants. The asset is fully occupied and includes substantial on-site parking. Four parcels comprise approximately 4 acres, providing a larger site context for continued office use and future planning.
Approximately 1.2 acres is excess land separate from the building area. The property carries MU-R and RS zoning and is positioned along the riverfront at 2405 Front St NE in Salem, Oregon. Less than 14,000 SF is currently represented on the rent roll within the building, while BOMA floor plans and a 2026 third-party valuation analysis are available among the supporting materials.
Approximately 1.2 acres is excess land separate from the building area. The property carries MU-R and RS zoning and is positioned along the riverfront at 2405 Front St NE in Salem, Oregon. Less than 14,000 SF is currently represented on the rent roll within the building, while BOMA floor plans and a 2026 third-party valuation analysis are available among the supporting materials.
Key Highlights
- 23,079 SF elevator‑served office building built in 1978
- Fully occupied multi‑tenant property with professional service, healthcare, and nonprofit users
- Approximately 4 acres across four parcels
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
466
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 West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied professional office property with riverfront setting, multiple tenants, and additional land for future planning.
Where is this office building located?
The property is located at 2405 FRONT ST NE Salem, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 23,079 SF elevator‑served office building built in 1978; Fully occupied multi‑tenant property with professional service, healthcare, and nonprofit users; Approximately 4 acres across four parcels
