Class A Office Building Available

680 Hawthorne Avenue SE, Salem, OR 97301

View on Map

For Sale

$4,700,000

High-quality office building in a desirable corporate center location.

Type:Office

Property size:

20,082 SF

Price / SF:

$234/SF

HighLights

Class A office building in a desirable corporate campus setting.
Excellent location adjacent to Interstate 5 and Highway 22 interchange.
Available for full occupancy on February 1, 2026, allowing time for customization.
Abundant parking and exceptional signage opportunities.
Located near Salem Hospital, Oregon State Capitol, and downtown Salem.
Features Mill Creek, ponds, and walking trails for a pleasant environment.

We can help!

Listing Contact

Curt Arthur, SIOR

For Sale

$4,700,000

High-quality office building in a desirable corporate center location.

Type:Office

Property size:

20,082 SF

Price / SF:

$234/SF

Added:: Jan 27, 2026
Days on Market:: 134
Last Refresh:: Jan 12 at 9:34 pm

Property Features for 680 Hawthorne Avenue SE

General Information

Standard status: Active
Size: 20,082 SF
Property subtype: Office

Building Details

Year Built: 2008

We can help!

Listing Contact

Curt Arthur, SIOR

Listing agent Curt Arthur, SIOR License #OR #910200259

Listing office Capacity Commercial Group

Listing date Jan 27, 2026

Source Svnca

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 Capacity Commercial Group

HighLights

Class A office building in a desirable corporate campus setting.
Excellent location adjacent to Interstate 5 and Highway 22 interchange.
Available for full occupancy on February 1, 2026, allowing time for customization.
Abundant parking and exceptional signage opportunities.
Located near Salem Hospital, Oregon State Capitol, and downtown Salem.
Features Mill Creek, ponds, and walking trails for a pleasant environment.

Overview

Creekside Corporate Center - Building 680, constructed in 2008, is a Class A office building located in the Mid-Valley. Except for a small deli operation, the entire building will be available for occupancy on February 1, 2026. An owner or occupant can customize the building for their use and be ready to start that work when the current tenant vacates. Creekside Corporate Center consists of five Class A office buildings on a campus site along Mill Creek, featuring three large ponds and walking trails. The property has curb appeal and is maintained to high standards. The property features exceptional signage and parking. Creekside Corporate Center is located adjacent to Interstate 5, less than two minutes from the Highway 22 interchange and less than a 5-minute drive to Salem Hospital, the Oregon State Capitol, and downtown Salem. The site is surrounded by other office and medical uses, as well as hospitality, restaurants, and retailers. The property is part of one of the finest corporate campuses in the Willamette Valley and is subject to a NNN lease through January 31, 2026. The building has a property size of 20082 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$433.8k	$21.60
− Vacancy	−$65.1k	−$3.24
EGI	$368.7k	$18.36
− OpEx	−$92.2k	−$4.59
NOI	$276.5k	$13.77

20,082 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.95M

$3.46M – $4.61M (±1% cap)

NOI $276,529 @ 7.0% cap · market cap 5.88%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.33M

$4.67M – $6.22M (±1% cap)

NOI $373,236 @ 7.0% cap · market cap 7.94%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Aldrich Benefits Insurance Agency Sweetly Baked Bakery Aldrich Retirement Solutions Financial Advisor Nurien Training Center Oregon Surrogacy Center Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Salem
County: Marion
State: Oregon
Longitude: -122.991
Latitude: 44.9392

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For sale
Office buildings
OR
Salem
97301
680 Hawthorne Avenue SE

What type of property is this?

Office building - High-quality office building in a desirable corporate center location.

Where is this office building located?

The property is located at 680 Hawthorne Avenue SE Salem, OR.

What is the asking price?

The asking price for this property is $4,700,000.

What are key features of this property?

This property features: Class A office building in a desirable corporate campus setting.; Excellent location adjacent to Interstate 5 and Highway 22 interchange.; Available for full occupancy on February 1, 2026, allowing time for customization.