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Renovated Medical Office Space Available
For Lease
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2720 Commercial St SE, Salem, OR 97302

Multi-tenant medical office with strong demographics and modern construction.

Space Size2,944 SF - 3,942 SF
Property Size15,015 SF
Days on Market206

Property Features for 2720 Commercial St SE

General Information

Standard status Active
Size 2,944 SF - 3,942 SF
Class A
Property subtype Office
Lease Term Full Service

Building Details

Building Size 15,015 SF
Year Built 2000

Spaces For Lease

at 2720 Commercial St SE Contact us

Suite 150 $2.50/SF/Mo

Size
2,944 SF
Type
Medical
Term
Negotiable
Contact us

Suite 250 $2.50/SF/Mo

Size
3,942 SF
Type
Medical
Term
Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Nick Williams, CCIM · License #201230204
Source: Corfac
Added: Jan 26 Changed: Aug 8 Last Checked: Aug 19 at 6:19AM

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

Investment Insights

Based on property information with market context.

Constructed in 2000 as a single-tenant medical office and renovated in 2010, Petra Plaza is now a multi-tenant building with available suites on the upper and lower levels. The property is situated along a highly coveted commercial corridor with historically strong demographics. Current tenants include a national oncology clinic and a local information technology firm. Leases are offered as full service, base year. The property is ADA compatible, elevator-served, and features a usable floor plan. It offers easy ingress and egress, robust parking, and modern construction. The property is move-in ready for medical uses and is thoughtfully space planned. It is primarily powered through solar panels. Abundant nearby services are available, and the location is frequently served by Cherriots route 21. Tremendous signage is available. The property has a size of 15,015 square feet.

Key Highlights

  • High traffic location along a coveted commercial corridor with strong demographics.
  • Solar powered, appealing to environmentally conscious tenants.
  • Move‑in ready for medical uses.

Property Analytics

Current Use

John Cooper Girod Physician John Girod, MD Physician Shaw E David ... Physician Campbell Daniel J ... Physician Cascade Infectious Dis ... Medical Clinic

Suggested Use

Top Pick Electrical Service HVAC Service Big Box & Wholesale Store Parking Lot & Garage Storage Facility Hotel & Motel

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

817
Businesses Nearby
Under-served
Demand for This Use

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

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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Multi-tenant medical office with strong demographics and modern construction.
Where is this medical office space located?
The property is located at 2720 Commercial St SE Salem, OR.
What are key features of this property?
This property features: High traffic location along a coveted commercial corridor with strong demographics.; Solar powered, appealing to environmentally conscious tenants.; Move‑in ready for medical uses.
More about this property
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