Anchor Shopping Center
For Sale
Contact for pricing
420 Center St. NE, Salem, OR 97301
Two-story former Nordstrom building with limited use restrictions at Salem Center Mall.
Property SizeContact for details
Days on Market145
Property Features for 420 Center St. NE
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Northmarq
(503) 998-6572
Listed By:
Kevin Adatto · License #WA 85667
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 9:24AM
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 Northmarq
Investment Insights
Based on property information with market context.
The offering includes an approximately 72,000-square-foot, two-story former Nordstrom building within Salem Center Mall. Limited use restrictions support flexibility for future occupancy and repositioning, subject to applicable requirements.
The property occupies a hard-corner location at 420 Center St. NE in Downtown Salem. The surrounding employment base includes more than 40,000 government employees, providing substantial daytime activity in the area.
The property occupies a hard-corner location at 420 Center St. NE in Downtown Salem. The surrounding employment base includes more than 40,000 government employees, providing substantial daytime activity in the area.
Key Highlights
- Approximately 72,000 square feet of building area
- Two‑story former Nordstrom building
- Located within Salem Center Mall
Property Analytics
Current Use
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
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-story former Nordstrom building with limited use restrictions at Salem Center Mall.
Where is this shopping center located?
The property is located at 420 Center St. NE Salem, OR.
What are key features of this property?
This property features: Approximately 72,000 square feet of building area; Two‑story former Nordstrom building; Located within Salem Center Mall
