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One-Level Office Building with Road Frontage
For Sale
$3,199,999

435 435 Commercial St, Salem, OR 97301

One-level office building with ADA amenities and about 330 feet of frontage, offering high-visibility signage.

Property Size21,851 SF
Price / SF$146.45
Days on Market97

Property Features for 435 435 Commercial St

General Information

Standard status Active
Size 21,851 SF
Property subtype Office

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $70,690

Amenities

3

Building Details

Stories 1
Listing Agency: SMI REAL ESTATE
Listed By: ELESA DOLL · License #200708163
Source: Xome
Added: May 16 Changed: Aug 12 Last Checked: Aug 19 at 6:08AM

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 one-level office building offers a classic architectural look with modern ADA amenities. Current occupancy includes the Oregon State Marine Board, and the remaining space provides room to add another business or operate in a partially owner-occupied configuration.

Located in central downtown Salem between the 2 Bridges, the property sits along Commercial St NE, the gateway from Keizer into downtown. The building benefits from super high traffic counts along with strong signage and visibility.

The property has approximately 330 feet of frontage on Commercial St NE. An updated rent roll is expected soon.

Key Highlights

  • One‑level office building with ADA amenities
  • Approx. 330 feet of frontage on Commercial St
  • Located in central downtown Salem between the 2 Bridges

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 building with ADA amenities and about 330 feet of frontage, offering high-visibility signage.
Where is this office building located?
The property is located at 435 435 Commercial St 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: One‑level office building with ADA amenities; Approx. 330 feet of frontage on Commercial St; Located in central downtown Salem between the 2 Bridges
More about this property
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