Downtown Retail Spaces For
For Lease
Contact for pricing
360 & 370 State Street, Salem, OR 97301
Two retail spaces available in downtown Salem.
Space Size3,060 SF - 3,672 SF
Property Size6,732 SF
Days on Market750
Property Features for 360 & 370 State Street
General Information
Standard status
Active
Size
3,060 SF - 3,672 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
6,732 SF
Year Built
1888
Tenancy
Multiple
Spaces For Lease
at 360 & 370 State Street Contact us- Size
- 3,672 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
360 State St Availability
- Size
- 3,060 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
370 State St Availability
Listing Agency:
First Commercial Real Estate Services
Listed By:
Conrad Venti · License #201252758
(503) 364-7400
Source:
Crexi
Added: Aug 17, 2024
Changed: Aug 13
Last Checked: Aug 31 at 8:41AM
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 First Commercial Real Estate Services
Investment Insights
Based on property information with market context.
Two-story mid-block retail building located in the heart of downtown. The building features two storefronts with available retail spaces of 3,060 and 3,672 square feet. Situated on a vibrant block of State Street, the property is near businesses such as Wild Pear, Taproot, Manna Bakery, Ritters, and Fork Forty. The building is undergoing a complete historic renovation, blending modern infrastructure with historical elements and finishes throughout. The renovation will include new apartments on the second level and two retail spaces on the street level. The City of Salem’s Urban Development Department offers a Capital Improvement Grant which may be applicable to retail tenant improvements based on availability and project eligibility. The property is intended for retail use.
Key Highlights
- Located in a vibrant downtown Salem corridor with popular neighboring businesses.
- Two retail spaces available: 3,060 SF and 3,672 SF.
- Building is undergoing a complete historic renovation, blending modern infrastructure with historical elements.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,289
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
Lease Benchmarks for Salem, OR
$34.1 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
10,545 SF
Avg Space Size
This space is priced 38% below the average of $34.1 /SF/Yr.
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two retail spaces available in downtown Salem.
Where is this retail space located?
The property is located at 360 & 370 State Street Salem, OR.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Located in a vibrant downtown Salem corridor with popular neighboring businesses.; Two retail spaces available: 3,060 SF and 3,672 SF.; Building is undergoing a complete historic renovation, blending modern infrastructure with historical elements.
