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Flexible Multi-Level Retail Space
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355 Liberty St NE, Salem, OR 97301

Former department store building offering adaptable configurations, loading access, and space for retail, fitness, creative, or destination uses.

Space Size10,740 SF
Property Size102,500 SF
Days on Market6

Property Features for 355 Liberty St NE

General Information

Standard status Active
Size 10,740 SF
Net Rentable 2,719 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Available Space 2,719-102,500 SF
Divisible Yes

Amenities

Freight Elevator
On-Site Loading Dock

Building Details

Stories 3
Building Size 102,500 SF

Spaces For Lease

at 355 Liberty St NE Contact us

355 Liberty St NE

Floor
1
Size
10,740 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
-Downtown Redevelopment at Former JC Penney Building -Prime Location at Signaled...
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Listing Agency: Tradition Real Estate Partners
Listed By: AJ Nash · License #201233012
Source: Moodyscre
Added: Aug 7 Changed: Aug 10 Last Checked: Aug 11 at 1:01PM

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 Tradition Real Estate Partners

Investment Insights

Based on property information with market context.

The property comprises a former JC Penney building totaling 102,500 SF across three levels. Available areas can be divided into spaces of 2,719+ SF, with build-outs designed around individual occupant requirements. A freight elevator and on-site loading dock support movement between levels and receiving operations.

Positioned at a signaled intersection in the downtown area, the property is suited to a range of commercial concepts, including retail, fitness, creative, and destination-oriented uses. Its multi-level layout and customization options provide flexibility for both larger occupancy plans and smaller-format spaces.

Key Highlights

  • 102,500 SF former JC Penney building across three levels
  • Divisible to 2,719+ SF spaces
  • Freight elevator and on‑site loading dock

Property Analytics

Current Use

Aprende ingles en ... Language School See's Candies Specialty Food Shop

Suggested Use

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

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

3,178
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 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?
Retail space - Former department store building offering adaptable configurations, loading access, and space for retail, fitness, creative, or destination uses.
Where is this retail space located?
The property is located at 355 Liberty St NE Salem, OR.
What are key features of this property?
This property features: 102,500 SF former JC Penney building across three levels; Divisible to 2,719+ SF spaces; Freight elevator and on‑site loading dock
(503) 559-9279 Call to check price and availability
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