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Mixed-Use Property with Open Suite

700-702 High St NE, Salem, OR 97301

For Sale
Contact for pricing

Four of five units are leased, leaving one space available for occupancy or a new tenant.

Property SizeContact for details
Days on Market21

Property Features for 700-702 High St NE

General Information

Standard status Active
Property subtype Mixed Use
Occupancy 80%

Site & Location

Neighborhood Grant Neighborhood Association

Additional Details

Tenant in Place Yes

Building Details

Tenancy Multi
Listing Agency: Nathan Levin Co
Listed By: Ian Levin · License OR #200510306
Source: Crexi
Added: Oct 21 Changed: Nov 8 Last Checked: Nov 10 at 8:41AM

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 Nathan Levin Co

Rey
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Investment Insights

Based on property information with market context.

This five-unit mixed-use property has four leased spaces, including Oregon Axe, and a vacant 2,590 SF suite. The available street-level space has an open layout, 10-foot ceilings, and two ADA restrooms. It can accommodate an owner-user or another tenant, with the vacant area providing flexibility for retail, office, service, or entertainment use.

At 700-702 High St NE in Salem, the property is within walking distance of downtown. Restaurants, shops, professional services, and government offices are among the nearby destinations. High St provides the property’s street frontage.

Key Highlights

  • Five commercial units; four are leased, including Oregon Axe
  • Vacant 2,590 SF street‑level suite with an open floor plan
  • 10‑foot ceilings and two ADA restrooms in the available space

Property Analytics

Current Use

Extreme Chocolate Specialty Food Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service HVAC Service Locksmith Plumbing Service

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

80%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,211
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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four of five units are leased, leaving one space available for occupancy or a new tenant.
Where is this mixed-use property located?
The property is located at 700-702 High St NE Salem, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five commercial units; four are leased, including Oregon Axe; Vacant 2,590 SF street‑level suite with an open floor plan; 10‑foot ceilings and two ADA restrooms in the available space
(503) 383-8173 Call to check price and availability
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