Downtown Salem Investment
For Sale
$5,950,000
300-390 Liberty St SE 410 & 420 Mill St SE & 305-395 High St SE, Salem, OR 97301
Fully occupied Salem property with high rental upside potential.
Property Size61,521 SF
Price / SF$96.71
Days on Market206
Property Features for 300-390 Liberty St SE 410 & 420 Mill St SE & 305-395 High St SE
General Information
Standard status
Active
Size
61,521 SF
Property subtype
Retail
Building Details
Building Size
61,521 SF
Year Built
1977
Listing Agency:
Capacity Commercial Group
(503) 559-7990
Listed By:
Curt Arthur, SIOR · License #201230204
(503) 559-7990
Source:
Corfac
Added: Jan 26
Changed: Aug 14
Last Checked: Aug 20 at 5:17AM
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.
Located in downtown Salem, this property offers an investment opportunity with a total building area of 61,521 square feet (52,845 square feet net rentable area) across 22 units in 4 buildings. Zoned Central Business District, the property is situated in the heart of Salem and is currently at 99% occupancy, making it a desirable asset for retail and office investors. The property has substantial upside in rents. The Pringle Park Plaza property is surrounded by a mix of dining, retail, office, and entertainment options. Its proximity to the Oregon State Capitol, Willamette University, Bush Park, and Pringle Park enhances its appeal. The property has convenient access to major transportation routes. Building A has 16,908 square feet, Building B has 19,699 square feet, Building C has 20,178 square feet, and Building D has 4,736 square feet.
Key Highlights
- Prime downtown Salem location in the Central Business District (CBD).
- High occupancy rate (99%) with potential for rent increases.
- Significant total building area: 61,521 SF across 4 buildings and 22 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,741
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied Salem property with high rental upside potential.
Where is this shopping center located?
The property is located at 300-390 Liberty St SE 410 & 420 Mill St SE & 305-395 High St SE Salem, OR.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime downtown Salem location in the Central Business District (CBD).; High occupancy rate (99%) with potential for rent increases.; Significant total building area: 61,521 SF across 4 buildings and 22 units.
