Listing Agency: Northmarq | Lake Oswego p***@traditionrep.com Show Phone

Listed By: Michael Kapnick · License #201233012

Source: Moodyscre

Added: Sep 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:04AM

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Investment Insights

Based on property information with market context.

The Historic Oregon Building, constructed in 1912, is available for lease. The building is under new ownership and has undergone renovations to restore its original presence and prestige. The property has 1,868 square feet of space. The location benefits from a traffic count of 13,000.

Key Highlights

• Historic building built in 1912
• Under new ownership
• Recently renovated

Property Analytics

Property Profile

Current Use

Justice Department Clothing Store Raphael Conant Attorney ... Law Firm Cascade Pacific Financial ... Financial Advisor Zachary Dablow, Attorney ... Law Firm John Stuart Jones, ... Law Firm

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Plumbing Service Auto Parts Store 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.

Location Intelligence

Trade Area within ½ mile

4,289

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Renovated historic office building in Salem, Oregon available for lease.

Where is this office building located?

The property is located at 494 State St Salem, OR.

What is the asking price?

The asking price for this property is $3,850,000.

What are key features of this property?

This property features: Historic building built in 1912; Under new ownership; Recently renovated