Classic Office Building Near
For Lease
Contact for pricing
695 Commercial St SE, Salem, OR 97301
Office spaces available in well-located building near downtown.
Space Size773 SF
Property Size10,307 SF
Days on Market1028
Property Features for 695 Commercial St SE
General Information
Standard status
Active
Size
773 SF
Total Parking Spaces
33
Property subtype
Office
Lease Type
Full Service
Building Details
Building Size
10,307 SF
Year Built
1968
Tenancy
Multiple
Spaces For Lease
at 695 Commercial St SE Contact us- Size
- 773 SF
- Type
- Office
- Lease Type
- Full Service
- Availability
- Active
#112
Listing Agency:
Nathan Levin Co
(971) 707-4590
Listed By:
Ian Levin · License #OR 200510306
Source:
Crexi
Added: Oct 29, 2023
Changed: Aug 8
Last Checked: Aug 21 at 5:52PM
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
Investment Insights
Based on property information with market context.
Originally constructed in the late 1960s, this building retains some of its classic architecture. It has undergone full surface upgrades in all available units. Located on the corner of Commercial Street and Leslie Street, the building is positioned just south of downtown, within walking distance. Parking is available at a ratio of 3 spaces per 1000 square feet, with additional spaces available for a fee of $40 per month. The current tenant mix includes financial, architecture, property management, real estate, and personal services. The building is open to creatives and attorneys.
Key Highlights
- Upgraded units with classic "Madmen" era architecture
- Convenient location south of downtown, walkable to city center
- Parking available (3:1000 ratio)
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.22 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,200
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Salem, OR
$25.98 /SF/Yr
Avg Asking Price
$16.2–$54.55 /SF/Yr
Price Range
8,855 SF
Avg Space Size
This space is priced 17% below the average of $25.98 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office spaces available in well-located building near downtown.
Where is this office units located?
The property is located at 695 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $21.48 SF/Yr.
What are key features of this property?
This property features: Upgraded units with classic "Madmen" era architecture; Convenient location south of downtown, walkable to city center; Parking available (3:1000 ratio)
