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Single-Level Office Building

435 Commercial St #250, Salem, OR 97301

For Sale
$3,199,999

CBD zoning and ADA amenities complement available space for additional business occupancy.

Property Size21,851 SF
Price / SF$146.45
Days on Market133

Property Features for 435 Commercial St #250

General Information

Standard status Active
Size 21,851 SF
Property subtype Commercial
Zoning CBD

Site & Location

Neighborhood Central Area Neighborhood Development Organization (can-Do)
Road Access Yes

Additional Details

Property Use Office

Taxes and HOA fees

Annual Taxes $70,690

Building Details

Building Size 21,851 SF
Year Built 1948
Buildings 1
Stories 1
Listing Agency: SMI Commercial Real Estate LLC
Listed By: Elesa Doll · License OR #200708163
Source: Horsepowerrealestateproperties
Added: Jul 2 Changed: Nov 10 Last Checked: Nov 10 at 2:43PM

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 Commercial Real Estate LLC

Rey
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Investment Insights

Based on property information with market context.

This 21,851-square-foot office building was constructed in 1948 and occupies one level. Classic architectural character is paired with modern ADA amenities. The Oregon State Marine Board is located in the building, with other space available for business occupancy.

The property has 330 feet of frontage on Commercial Street in downtown Salem. CBD zoning applies.

Key Highlights

  • 21,851‑square‑foot, single‑level office building
  • 330 feet of frontage on Commercial Street
  • CBD zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Office buildings in Salem, OR

$222 Jul
$185 Aug
$221 Sep
$220 Oct

Properties on Market for Office buildings in Salem

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - CBD zoning and ADA amenities complement available space for additional business occupancy.
Where is this office building located?
The property is located at 435 Commercial St #250 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‑square‑foot, single‑level office building; 330 feet of frontage on Commercial Street; CBD zoning
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