Search
Mixed-Use Commercial Building
For Sale
$695,630

388 Commercial St NE, Salem, OR 97301

Property supports retail, office, and medical uses at a signalized intersection.

Property Size6,933 SF
Price / SF$100.34
Days on Market39

Property Features for 388 Commercial St NE

General Information

Standard status Active
Size 6,933 SF
Property subtype Farm/Ranch
Listing Agency: MOSAR COMMERCIAL PROPERTIES
Listed By: MIKE MOSAR
Source: Oregonhomeshop
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 28 at 1:11PM

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 MOSAR COMMERCIAL PROPERTIES

Investment Insights

Based on property information with market context.

This mixed-use commercial building combines retail, office, and medical space within one property. The asset has a listed property size of 6933 and is positioned at the lighted intersection of Commercial and Center.

The property is located at 388 Commercial St NE, Salem, OR 97301.

Key Highlights

  • Mixed‑use property with retail, office, and medical components
  • Located at the lighted intersection of Commercial and Center
  • Listed property size of 6933

Property Analytics

Current Use

Santiam Bicycle (Bike/Boat/Book/etc) Store

Suggested Use

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

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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Property supports retail, office, and medical uses at a signalized intersection.
Where is this mixed-use property located?
The property is located at 388 Commercial St NE Salem, OR.
What is the asking price?
The asking price for this property is $695,630.
What are key features of this property?
This property features: Mixed‑use property with retail, office, and medical components; Located at the lighted intersection of Commercial and Center; Listed property size of 6933
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message