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    1220 20Th St Salem, OR 97302

    For Lease
    $27 SF/Yr

    Prime Salem Office Space, Multiple Sizes Available

    Lot size:
    14,361 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office building in Salem, Oregon, offers a variety of suite sizes ranging from 817 to 10,989 square feet. Located at 1220 20th St SE, 97302, this multi-tenant property provides excellent visibility and accessibility, conveniently situated off Mission Street. The building features ample parking, a significant advantage for tenants and their clients. Each suite is designed with ADA accessibility in mind, ensuring inclusivity for all. A state-of-the-art building access control system enhances security for all occupants. The full-service leases (excluding janitorial services) offer a streamlined and convenient tenancy experience. The property's location offers the benefit of numerous businesses within walking distance, providing employees with a variety of lunch and amenity options. This is an ideal location for both professional and executive office users seeking a prestigious and functional workspace in a vibrant Salem location. The asking rate is $2.25 per square foot, full service. Contact us today to learn more about available suites and schedule a viewing.

    Property Features for 1220 20Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,361 SF
    Class
    A

    Unit(s) available at that property

    Space
    Suite 200
    Size
    9,378 SF
    Rate per SF
    $27
    Space
    Suite 300
    Size
    4,983 SF
    Rate per SF
    $27

    HighLights

    • Class A office building in Salem, OR, offering suites from 817 to 10,989 square feet at 1220 20th St SE, 97302.
    • 5.4 parking spaces per 1,000 square feet.
    • Full‑service leases (excluding janitorial).
    • Building engineered out of the flood plain and zoned Industrial Commercial (IC).
    • $2.25/SF full‑service (excluding janitorial) lease rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bankers Life Insurance Agency Dominic Olvera, Bankers ... Insurance Agency Caylum King, Bankers ... Insurance Agency Michael Norell, Bankers ... Insurance Agency Monica Ellis, Bankers ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -123.01985973971
    Latitude
    44.925233297857

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Salem Office Space, Multiple Sizes Available
    Where is this office property / space located?
    The property is located at 1220 20Th St Salem, OR.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Class A office building in Salem, OR, offering suites from 817 to 10,989 square feet at 1220 20th St SE, 97302.; 5.4 parking spaces per 1,000 square feet.; Full-service leases (excluding janitorial).
    Request Owner's contact information
    1220 20Th St Salem, OR 97302
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    Salem, OR 97302
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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
    1220 20Th St Salem, OR 97302
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