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494 State Street, Salem, OR 97301

Office space available for lease at 494 State Street, Salem, OR.

Space Size264 SF - 1,386 SF
Property Size49,830 SF
Days on Market132

Property Features for 494 State Street

General Information

Standard status Active
Size 264 SF - 1,386 SF
Class B
Property subtype Office

Building Details

Building Size 49,830 SF
Year Built 1912
Tenancy Multiple

Spaces For Lease

at 494 State Street Contact us

Suite 170 Active

Size 309 SF
Contact us

Suite 256 Active

Size 1,386 SF
Contact us

Suite 260 Active

Size 493 SF
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Suite 350 Active

Size 576 SF
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Suite 410 Active

Size 1,294 SF
Contact us

Suite 480 Active

Size 1,354 SF
Contact us

Suite 250 Active

Size 562 SF
Contact us

Suite 100-H Active

Size 624 SF
Contact us

Suite 140 Active

Size 264 SF
Contact us

Suite 225 Active

Size 302 SF
Contact us
Listing Agency: First Commercial Real Estate Services
Listed By: Conrad Venti · License #201252758
Source: Crexi
Added: May 30 Changed: Oct 4 Last Checked: Oct 7 at 12:57PM

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 First Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This offering includes office space within a commercial property at 494 State Street in Salem, Oregon. The asset is presented for rental and is suitable for professional office uses based on the property type classification.

The space is located at 494 State Street, providing frontage on an established Salem thoroughfare. The property’s city setting supports convenient access for tenants and clients traveling to the area.

For prospective tenants seeking an office location in Salem, this space is positioned for general business use as an office property. Interested parties should review the unit’s layout and build-out details directly with the broker or property manager to confirm suitability for their specific requirements, including space planning, occupancy needs, and any operational considerations tied to the existing improvements.

Key Highlights

  • Office space for lease at 494 State Street, Salem, OR
  • Year built: 1913

Property Analytics

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Open Analytics

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 Electrical Service HVAC 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,289
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
View Realmo Analytics

Market

Lease Benchmarks for Salem, OR

$22 /SF/Yr
Avg Asking Price
$16–$27 /SF/Yr
Price Range
16,422 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Office space available for lease at 494 State Street, Salem, OR.
Where is this office building located?
The property is located at 494 State Street Salem, OR.
What are key features of this property?
This property features: Office space for lease at 494 State Street, Salem, OR; Year built: 1913
(503) 364-7400 Call to check price and availability
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