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Single-Story Office Building
For Sale
$3,199,999

435 Commercial St NE, Salem, OR 97301

One-level office property with ADA amenities and additional space for occupancy.

Property Size21,851 SF
Price / SF$146.45
Days on Market28

Property Features for 435 Commercial St NE

General Information

Standard status Active
Size 21,851 SF
Property subtype Business Opportunity

Additional Details

Road Access Yes

Building Details

Buildings 1
Stories 1
Listing Agency: SMI REAL ESTATE
Listed By: ELESA DOLL · License #200708163
Source: Amymcleod
Added: Aug 1 Changed: Aug 28 Last Checked: Aug 28 at 12:35PM

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 SMI REAL ESTATE

Investment Insights

Based on property information with market context.

This 21,851 SF office building offers a single-level layout with classic architectural elements and modern ADA amenities. The property includes occupied space associated with the Oregon State Marine Board, along with additional areas available for a business or expanded occupancy.

Positioned at 435 Commercial St NE in central downtown Salem, the building fronts Commercial St for 330 feet along the route connecting Keizer and downtown Salem. The site benefits from high traffic exposure, signage, and visibility. Its existing occupancy and remaining space support a combination of continued office use and additional business operations.

Key Highlights

  • 21,851 SF single‑story office building
  • 330 feet of frontage on Commercial St
  • Central downtown Salem location at 435 Commercial St NE

Property Analytics

Current Use

Oregon State Marine ... Government Office Southwell Law, LLC Law Firm David H. Leonard Law Firm Churchill Leonard, LLP Law Firm Jamel Porta Potty ... Building Supply

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.

Lease Details

Yes
Paved road access

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
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Frequently Asked Questions

What type of property is this?
Office building - One-level office property with ADA amenities and additional space for occupancy.
Where is this office building located?
The property is located at 435 Commercial St NE Salem, OR.
What is the asking price?
The asking price for this property is $3,199,999.
What are key features of this property?
This property features: 21,851 SF single‑story office building; 330 feet of frontage on Commercial St; Central downtown Salem location at 435 Commercial St NE
More about this property
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