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Retail Space in PGE & Yeater Buildings
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241 Liberty St NE, Salem, OR 97301

Retail space is available within the PGE and Yeater buildings in downtown Salem with established co-tenants.

Space Size638 SF
Days on Market490

Property Features for 241 Liberty St NE

General Information

Standard status Active
Size 638 SF
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 241 Liberty St NE Contact us

241 Liberty St NE

Floor
1
Size
638 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
Spaces available in the PGE & Yeater buildings located in downtown Salem. Co-Tenants...
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Listing Agency: SMI Real Estate
Listed By: Elesa Doll · License #200708163
Source: Moodyscre
Added: Apr 11, 2025 Changed: Aug 8 Last Checked: Aug 12 at 12:25PM

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 SMI Real Estate

Investment Insights

Based on property information with market context.

Retail space is available in the PGE and Yeater buildings in downtown Salem. The available space measures 638 square feet and offers an opportunity to join a cluster of neighborhood retail and service users.

The buildings are already home to multiple co-tenants, including The Cozy Taberna, Johnny Matthew’s Salon & School, Kraftworks Taphouse, Le Motive Salon, and Rejuven8, along with additional tenants. This mix can support a tenant looking to benefit from day-to-day street activity in a downtown setting.

Spaces in this location are offered for rent. Please review the lease terms to confirm availability and fit for your use.

Key Highlights

  • 638 square feet of retail space available in the PGE and Yeater buildings
  • Downtown Salem location at 241 Liberty St NE
  • Co‑tenants include The Cozy Taberna and Kraftworks Taphouse

Property Analytics

Current Use

Kraftworks Taphouse Bar & Pub

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Catering Service Plumbing Service Fish Market

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

3,569
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

Market

Lease Benchmarks for Salem, OR

$24.55 /SF/Yr
Avg Asking Price
$10–$38 /SF/Yr
Price Range
10,042 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space is available within the PGE and Yeater buildings in downtown Salem with established co-tenants.
Where is this retail space located?
The property is located at 241 Liberty St NE Salem, OR.
What are key features of this property?
This property features: 638 square feet of retail space available in the PGE and Yeater buildings; Downtown Salem location at 241 Liberty St NE; Co‑tenants include The Cozy Taberna and Kraftworks Taphouse
(503) 884-1273 Call to check price and availability
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