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Former Cinebarre Theater Redevelopment
For Sale
$3,950,000

501 Marion St NE, Salem, OR 97301

Downtown theater on its own parcel with seven auditoriums and built-in kitchen and bar infrastructure for flexible adaptive reuse.

Property Size37,152 SF
Price / SF$106.32
Days on Market71

Property Features for 501 Marion St NE

General Information

Standard status Active
Size 37,152 SF
Property subtype Street Retail

Additional Details

Road Access Yes

Building Details

Building Size 37,152 SF
Year Built 1988
Listing Agency: Legacy Real Estate Commercial
Listed By: AJ Nash · License #201208908
Source: Thebrokerlist
Added: Jun 3 Changed: Aug 8 Last Checked: Jun 5 at 2:05AM

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 Legacy Real Estate Commercial

Investment Insights

Based on property information with market context.

Former Cinebarre is a high-profile theater building totaling approximately 37,152 SF and positioned on its own parcel within downtown Salem. The property was previously operated as a luxury dine-in movie theater and includes seven auditoriums, expansive lobby areas, and dedicated commercial kitchen infrastructure, along with bar areas and existing utility capacity. The overall configuration is well-suited to flexible redevelopment and repositioning, with large interior volumes that can support a range of adaptive reuse concepts.

The site is located on the corner of Marion Street and High Street in downtown Salem, with prominent frontage and immediate access to the downtown core. It sits adjacent to Salem Center and is described as being just blocks from the Oregon State Capitol, Marion Street Bridge, and Riverfront Park, placing it among nearby restaurants, retail, hotels, and civic destinations.

For owner-users, developers, and investors, the building’s combination of prominent downtown presence, dedicated parcel, and flexible layout offers an opportunity to explore multiple program types. Supported by the existing improvements and utility capacity, concepts discussed for the site include entertainment, mixed-use, fitness, retail, office, educational, event venue, hospitality, and experiential uses, among other possibilities. The property’s size and interior configuration are designed to accommodate a customized operating environment aligned with future redevelopment goals.

Key Highlights

  • Approximately 37,152 SF former Cinebarre theater on its own parcel in downtown Salem
  • Built in 1988 and previously operated as a luxury dine‑in movie theater
  • Seven auditoriums plus expansive lobby areas, offering large interior spaces for redevelopment or reuse

Property Analytics

Current Use

Regal Cinebarre Movieland Cinema

Suggested Use

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

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

3,239
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
Rey
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Downtown theater on its own parcel with seven auditoriums and built-in kitchen and bar infrastructure for flexible adaptive reuse.
Where is this theater & concert hall located?
The property is located at 501 Marion St NE Salem, OR.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approximately 37,152 SF former Cinebarre theater on its own parcel in downtown Salem; Built in 1988 and previously operated as a luxury dine‑in movie theater; Seven auditoriums plus expansive lobby areas, offering large interior spaces for redevelopment or reuse
More about this property
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