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    155 Liberty St Salem, OR 97301

    Sponsored
    For Lease
    $9 SF/Yr ($7,840 /Mo)

    Eclectic mixed-use building, 30 spaces available

    Lot size:
    10,454 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Salem Arts Building, located at 155 Liberty St NE, offers a unique retail investment opportunity in Salem's vibrant Central Business District (CBD). This six-story, mixed-use building boasts 10,454 square feet of space across 272 suites, with 30 retail spaces currently available, ranging from 137 to 2,800 square feet. Renovated in 2019, the building features a diverse tenant mix including apartments, offices, executive suites, and artist studios. The property sits on a 0.24-acre lot and is conveniently located near Liberty Square Parkade and Chemeketa Parkade, offering ample parking options. Street parking is also available, and there's a paid parking lot at the rear of the building, accessible via Electric Alley. The building includes elevators for easy access to all floors. The zoning is designated as CBD, reflecting its prime downtown location. This property presents a compelling opportunity for investors seeking a diverse portfolio of retail tenants in a thriving urban environment. The building's eclectic character and competitive full-service lease rates make it an attractive option for a variety of businesses. The multiple tenancy structure provides flexibility and potential for strong rental income. This is a rare chance to acquire a well-maintained, centrally located commercial property in a rapidly growing area.

    Property Features for 155 Liberty St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,454 SF
    Total Rate
    7840.5

    Building Details

    Year Renovated
    2019
    Stories
    6

    Unit(s) available at that property

    Space
    204
    Size
    216 SF
    Rate per SF
    $24
    Space
    B25/27
    Size
    1,450 SF
    Rate per SF
    $19
    Space
    201
    Size
    403 SF
    Rate per SF
    $20
    Space
    180
    Size
    739 SF
    Rate per SF
    $24
    Space
    B12
    Size
    520 SF
    Rate per SF
    $22
    Space
    B16
    Size
    298 SF
    Rate per SF
    $24
    Space
    B14
    Size
    298 SF
    Rate per SF
    $24
    Space
    B16
    Size
    298 SF
    Rate per SF
    $24
    Space
    B29
    Size
    292 SF
    Rate per SF
    $24
    Space
    MEZZANINE
    Size
    2,400 SF
    Rate per SF
    $9
    Space
    B24
    Size
    1,448 SF
    Rate per SF
    $19
    Space
    B17
    Size
    519 SF
    Rate per SF
    $22
    Space
    B26
    Size
    450 SF
    Rate per SF
    $24
    Space
    B14
    Size
    298 SF
    Rate per SF
    $24
    Space
    B22
    Size
    1,896 SF
    Rate per SF
    $18
    Space
    160
    Size
    1,212 SF
    Rate per SF
    $21
    Space
    201
    Size
    403 SF
    Rate per SF
    $20
    Space
    205
    Size
    216 SF
    Rate per SF
    $24
    Space
    MEZZANINE
    Size
    2,400 SF
    Rate per SF
    $9
    Space
    OFFICE Suites 209-215
    Size
    2,800 SF
    Rate per SF
    $13
    Space
    B26
    Size
    450 SF
    Rate per SF
    $24
    Space
    B8
    Size
    275 SF
    Rate per SF
    $24
    Space
    B29
    Size
    292 SF
    Rate per SF
    $24
    Space
    206
    Size
    217 SF
    Rate per SF
    $24
    Space
    207
    Size
    164 SF
    Rate per SF
    $24
    Space
    217
    Size
    137 SF
    Rate per SF
    $24
    Space
    218
    Size
    201 SF
    Rate per SF
    $24
    Space
    219
    Size
    140 SF
    Rate per SF
    $24
    Space
    220
    Size
    140 SF
    Rate per SF
    $24
    Space
    221
    Size
    140 SF
    Rate per SF
    $24

    HighLights

    • Retail and land property totaling 10,454 square feet.
    • Multi‑tenant building with 272 suites.
    • 0.24‑acre lot size.
    • Renovated in 2019.
    • Six‑story building with elevators.
    • Centrally located in the CBD, near parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hot Rod Betties ... Tattoo Shop Salem Arts LLC Arts Organization Small Shops & What ... Store Mykie’s Bar & Lounge Bar Divine Healing Alternative Medicine Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0389967
    Latitude
    44.9407304

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    FAQs

    What type of property is this?
    Land - Eclectic mixed-use building, 30 spaces available
    Where is this land located?
    The property is located at 155 Liberty St Salem, OR.
    What is the lease rate?
    The lease rate is $9-$24 SF/Yr.
    What are key features of this property?
    This property features: Retail and land property totaling 10,454 square feet.; Multi-tenant building with 272 suites.; 0.24-acre lot size.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    155 Liberty St Salem, OR 97301
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