Former Cinebarre Theater
501 Marion St NE, Salem, OR 97301
For Sale
$3,950,000
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 Market162
Property Features for 501 Marion St NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Building Details
Building Size
Year Built
Properties For Sale
at 501 Marion St NE
Salem Theatre Space
Size
37,152 SF
Lease Type
NNN
Listing Agency:
Legacy Real Estate Commercial
Listed By:
AJ Nash · License OR #201208908
(503) 390-1375
Source:
Thebrokerlist
Added: Jun 3
Changed: Aug 26
Last Checked: Sep 24 at 6:35AM
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
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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.
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
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,239
Businesses Nearby
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Business Placement
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
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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
