Restaurant Space with Available
524 State Street, Salem, OR 97301
For Lease
Contact for pricing
Former restaurant premises in downtown Salem, with furnishings and equipment available for separate purchase.
Space Size1,998 SF
Days on Market29
Property Features for 524 State Street
General Information
Standard status
Size
Net Rentable
Property subtype
Lease Type
Space & Availability
Available Space
Contiguous Space
Space Use
Furnished
Lease Terms
Lease Rate
Monthly Rent
Rent per SF/Year
CAM
Site & Location
Neighborhood
Restaurant
Equipment Included
Second-Generation Restaurant
Spaces For Lease
at 524 State Street
Space 1
Active
Size
1,998 SF
Listing Agency:
John L. Scott Real Estate Salem
Listed By:
Alex McCarthy · License #201245596
(541) 514-1779
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 3:18PM
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 John L. Scott Real Estate Salem
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,998-square-foot restaurant space was previously occupied by Pita Pit. Furniture, fixtures and equipment currently on site are available for purchase separately. The lease is structured on an NNN basis, with a 16.61% pro rata share.
The premises are at 524 State Street in downtown Salem, Oregon.
The premises are at 524 State Street in downtown Salem, Oregon.
Key Highlights
- 1,998 SF of restaurant space
- Former Pita Pit premises at 524 State Street in downtown Salem
- NNN lease structure with a 16.61% pro rata share
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,508
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant premises in downtown Salem, with furnishings and equipment available for separate purchase.
Where is this conventional restaurant located?
The property is located at 524 State Street Salem, OR.
What are key features of this property?
This property features: 1,998 SF of restaurant space; Former Pita Pit premises at 524 State Street in downtown Salem; NNN lease structure with a 16.61% pro rata share
