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    200 Hawthorne Ave Salem, OR 97301

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Salem location, flexible office space.

    Lot size:
    103,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Park 5 Business Center offers exceptional executive office space in Salem, Oregon. This seven-building complex, situated on a 10.88-acre lot at 200 Hawthorne Ave SE (cross streets: I-5, State Street), boasts a total of 103,300 square feet of office space. The property is classified as Class B and features single-story buildings. Currently, there are 38,392 square feet of vacant space available, divisible into units ranging from a minimum of 750 square feet to a maximum contiguous space of 4,965 square feet. The property's Commercial Industrial zoning (IC) allows for a variety of uses, including office, retail, flex, and light industrial. Its central Salem location provides convenient access and ample parking. This is an excellent opportunity for businesses seeking flexible and well-located office space in a thriving Oregon community. The property is located in Marion County, Oregon, zip code 97301. The property is ideal for businesses seeking multiple suites or larger contiguous spaces.

    Property Features for 200 Hawthorne Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    103,300 SF
    Class
    B
    Total Rate
    123960

    Building Details

    Buildings
    7
    Stories
    1

    Unit(s) available at that property

    Space
    Suite F-610
    Size
    2,100 SF
    Rate per SF
    $14
    Space
    Suite E-510
    Size
    1,481 SF
    Rate per SF
    $15
    Space
    Suite G-720
    Size
    2,446 SF
    Rate per SF
    $15
    Space
    Suite F-606
    Size
    2,250 SF
    Rate per SF
    $14
    Space
    Suite E-530
    Size
    2,856 SF
    Rate per SF
    $15

    HighLights

    • Park 5 Business Center: Salem's premier business park with a central location, ample parking, and easy I‑5/Hwy 22 access.
    • Extensive on‑site parking for diverse uses (office, retail, flex).
    • IC‑Commercial Industrial zoning allows for office, medical, retail, light industrial, and flex uses.
    • High‑speed internet options (cable, DSL, fiber, satellite, T‑1).
    • Flexible space with concrete tilt construction, open floor plates, and high ceilings.
    • 240‑amp, 3‑phase industrial power available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Silke Communications: Salem Telecommunications Equipment Supplier ODEC Medical Transport Transportation Service Numotion Mobility Equipment Supplier Columbia Distributing Distribution Service oregon aclb Local Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -122.992961
    Latitude
    44.9263262

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Salem location, flexible office space.
    Where is this office property / space located?
    The property is located at 200 Hawthorne Ave Salem, OR.
    What is the lease rate?
    The lease rate is $14-$15 SF/Yr.
    What are key features of this property?
    This property features: Park 5 Business Center: Salem's premier business park with a central location, ample parking, and easy I-5/Hwy 22 access.; Extensive on-site parking for diverse uses (office, retail, flex).; IC-Commercial Industrial zoning allows for office, medical, retail, light industrial, and flex uses.
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    Salem, OR 97301
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    200 Hawthorne Ave Salem, OR 97301
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