Downtown Shopping Center
401 Center St NE, Salem, OR 97301
For Lease
Contact for pricing
Multi-suite retail center offering move-in-ready and shell-condition spaces across two buildings with public parking access.
Space Size1,984 SF
Days on Market97
Property Features for 401 Center St NE
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Neighborhood
Spaces For Lease
at 401 Center St NE
401 Center St NE-2204 - South Bldg
AVAILABLE, Now
Floor
UL
Size
1,984 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
-Salem Center – Established Downtown Retail Destination
-Strong Visibility and Consistent Foot Traffic
-Spaces from 543 SF to 7,885 SF (up to 11,578 SF Combined)
-Move-in Ready and Shell-Condition Suites Available
-Select Suites with Exterior, Private Access
-First and Second Floor Options in North and South Buildings
-Suitable for Retail, Service, Entertainment, and Food Users
-Food Court Spaces with Hood and Grease Trap
-Revitalization Underway with New Local Ownership
-Two Attached Public Parking Garages
-Additional Street Parking Available
-Walkable Location with High Pedestrian Activity
-Near Salem Convention Center, Willamette University, and Riverfront City Park
-Strong Daytime Population and Year-Round Activity
Contact us
Listing Agency:
Tradition Real Estate Partners
(503) 877-4653
Listed By:
Paula Moseley · License OR #201233012
(503) 910-3055
Source:
Moodyscre
Added: Aug 7
Changed: Nov 2
Last Checked: Nov 10 at 10:48AM
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
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Investment Insights
Based on property information with market context.
Salem Center is a multi-suite shopping center with first- and second-floor space in its North and South buildings. Available suites range from 543 SF to 7,885 SF, with configurations of up to 11,578 SF combined. Options include move-in-ready interiors, shell-condition suites, and select spaces with private exterior access. Food court suites feature hood and grease trap infrastructure.
The property is at 401 Center St NE in downtown Salem, near the Salem Convention Center, Willamette University, and Riverfront City Park. Two attached public parking garages serve the center, with additional street parking nearby. The setting is walkable and benefits from pedestrian activity, a strong daytime population, and year-round activity. The center includes space suited to retail, service, entertainment, and food users.
The property is at 401 Center St NE in downtown Salem, near the Salem Convention Center, Willamette University, and Riverfront City Park. Two attached public parking garages serve the center, with additional street parking nearby. The setting is walkable and benefits from pedestrian activity, a strong daytime population, and year-round activity. The center includes space suited to retail, service, entertainment, and food users.
Key Highlights
- Suites from 543 SF to 7,885 SF, with up to 11,578 SF combined
- First- and second‑floor options in the North and South buildings
- Move‑in‑ready and shell‑condition suites available
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,239
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salem, OR
$18.45 /SF/Yr
Avg Asking Price
$10–$29.76 /SF/Yr
Price Range
15,175 SF
Avg Space Size
Properties on Market for Shopping centers in Salem
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-suite retail center offering move-in-ready and shell-condition spaces across two buildings with public parking access.
Where is this shopping center located?
The property is located at 401 Center St NE Salem, OR.
What are key features of this property?
This property features: Suites from 543 SF to 7,885 SF, with up to 11,578 SF combined; First- and second‑floor options in the North and South buildings; Move‑in‑ready and shell‑condition suites available
