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Professional Office Building Near Downtown
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698 12th Street SE, Salem, OR 97301

Conveniently located office building near Oregon State Capitol and Salem Hospital.

Space Size1,632 SF - 4,664 SF
Property Size30,488 SF
Days on Market206

Property Features for 698 12th Street SE

General Information

Standard status Active
Size 1,632 SF - 4,664 SF
Class A
Property subtype Office
Lease Term Full Service

Building Details

Building Size 30,488 SF
Year Built 1997

Spaces For Lease

at 698 12th Street SE Contact us

Suite 240 $1.85/SF/Mo

Size
4,664 SF
Type
Office Building
Term
Minimum of 36 Months
Contact us

Suite 205 $1.85/SF/Mo

Size
1,632 SF
Type
Class A Office Space
Term
Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Curt Arthur, SIOR · License #201230204
Source: Corfac
Added: Jan 26 Changed: Aug 8 Last Checked: Aug 20 at 5:30AM

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

Investment Insights

Based on property information with market context.

Constructed in 1997 and upgraded in 2005, University Station is a professional office building situated within blocks of the Oregon State Capitol, Willamette University, Salem Health | Hospital, and the Central Business District. The property is located just southeast of downtown Salem on 12th Street, between 13th Street and Mission Street. This creekside property is adjacent to three major thoroughfares, including the eastbound ramp to Mission Street and I-5. The building is suitable for professional office, legal, medical, or government uses. The property has a full-service lease.

Key Highlights

  • Amazing location near Oregon State Capitol, Willamette University, Salem Health | Hospital, and the Central Business District.
  • Convenient access to major thoroughfares, including I‑5.
  • Creekside setting.

Property Analytics

Current Use

Guild Mortgage - Jeannine ... Loan Service RE55 Real Estate Agency Victor Leonardo, M.D. Physician James D. Vick Law Firm Christopher Goeser, D.C., ... Physician

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Storage Facility Auto Parts Store Electrical Service Grocery & Convenience Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,952
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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Conveniently located office building near Oregon State Capitol and Salem Hospital.
Where is this office building located?
The property is located at 698 12th Street SE Salem, OR.
What are key features of this property?
This property features: Amazing location near Oregon State Capitol, Willamette University, Salem Health | Hospital, and the Central Business District.; Convenient access to major thoroughfares, including I‑5.; Creekside setting.
More about this property
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