Seven-Auditorium Theater
For Sale
Contact for pricing
501 Marion St NE, Salem, OR 97301
Existing auditoriums, lobby, bar, and commercial kitchen support adaptive reuse planning.
Property Size37,152 SF
Price / SF$106.32
Days on Market11
Property Features for 501 Marion St NE
General Information
Standard status
Active
Size
37,152 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
commercial kitchen
bar
lobby
seven auditoriums
Building Details
Buildings
1
Listing Agency:
Tradition Real Estate Partners
(503) 559-9279
Listed By:
AJ Nash · License #201233012
(503) 559-9279
Source:
Moodyscre
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 12 at 2:14AM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
The former Cinebarre theater contains approximately 37,152 SF arranged around seven auditoriums, with a lobby, bar, and commercial kitchen already in place. The existing configuration and infrastructure support consideration of entertainment, fitness, retail, educational, hospitality, event venue, and mixed-use concepts.
Located at 501 Marion St NE in downtown Salem, the property is near Salem Center, the Oregon State Capitol, Riverfront Park, and the Marion Street Bridge. Highway 22 and Interstate 5 provide regional access, with Portland less than one hour north. The surrounding area includes government offices, restaurants, retailers, hotels, and multifamily development.
Located at 501 Marion St NE in downtown Salem, the property is near Salem Center, the Oregon State Capitol, Riverfront Park, and the Marion Street Bridge. Highway 22 and Interstate 5 provide regional access, with Portland less than one hour north. The surrounding area includes government offices, restaurants, retailers, hotels, and multifamily development.
Key Highlights
- Approximately 37,152 SF former Cinebarre theater building
- Seven existing auditoriums within the building
- Commercial kitchen, bar, and lobby remain in place
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,239
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Existing auditoriums, lobby, bar, and commercial kitchen support adaptive reuse planning.
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 building; Seven existing auditoriums within the building; Commercial kitchen, bar, and lobby remain in place
