388 Commercial St NE, Salem, OR 97301

Building Details

Year Built

1911

Listing office MOSAR COMMERCIAL PROPERTIES

Listing date Apr 3, 2026

Source Tripleoaksrealty

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Overview

This highly visible retail, office, and medical property building is offered for sale and includes a dedicated owner-occupant space of 6,933 square feet, along with basement storage. The offering also contemplates a seller lease-back structure to support an immediate re-use plan after closing.

The building benefits from frontage at a lighted intersection of Commercial and Center. That traffic-and-visibility profile can help support day-to-day customer and patient access for a range of service-oriented uses.

Under the proposed terms, the seller would like to lease the property back for a five-year period with options to renew, providing operational continuity for an owner occupant seeking to maintain control of their space. The configuration is positioned for an owner to occupy a substantial suite while retaining the convenience of on-site basement storage. The seller also notes this as a strong fit for SBA lending and as a potential hold property for buyers looking for an income-backed structure within the parameters of the lease-back.

Suggested Use

Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Salem

County

Marion

State

Oregon

Longitude

-123.0386753

Latitude

44.9434768

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FAQs

What type of property is this?

Office units - Highly visible building at a lighted intersection, offered with a lease-back option for an owner-occupant suite.

Where is this office units located?

The property is located at 388 Commercial St NE Salem, OR.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Highly visible retail/office/medical property building on a lighted intersection of Commercial and Center.; Lease‑back option: seller would like to lease for a 5‑year period with options to renew.; Includes a 6,933 SF space for an owner‑occupant.