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    435 Liberty St Salem, OR 97301

    Sponsored
    For Lease
    $14 SF/Yr

    61,461 SF Big Box Retail, 25,000 SF Vacant

    Lot size:
    61,461 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity is located at 435 Liberty St NE, Salem, Oregon, 97301, in Marion County. The property boasts a substantial 61,461 square feet of total building space, with 25,000 square feet currently vacant, presenting a significant chance for a new tenant. The building is classified as a single-tenant big box retail space, zoned CB, and sits on a generous 2.65 acres of land. Its convenient location near the cross street of Center St. provides excellent visibility and accessibility. The property's APN is 589205. This former Rite Aid location offers significant potential for a variety of retail uses, capitalizing on its strategic position to serve both downtown Salem and the west Salem residential areas. The downtown area is experiencing significant growth, with plans for 1,000 new apartment units in the coming years, promising increased foot traffic and consumer spending. This presents a unique opportunity to establish a thriving retail business in a rapidly developing market. The property's size and location make it ideal for a large-format retailer or a business requiring substantial space. Serious inquiries are encouraged.

    Property Features for 435 Liberty St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,461 SF
    Total Rate
    71704.5

    Unit(s) available at that property

    Space
    Size
    25,000 SF
    Rate per SF
    $16

    HighLights

    • 61,461 SF big‑box retail space on 2.65 acres in Salem, OR.
    • 25,000 SF of vacant space available.
    • Located at 435 Liberty St NE, near Center St, with excellent visibility.
    • Former Rite Aid location with existing shelving and displays; landlord willing to remodel.
    • Large parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kristin Waite, RPH Pharmacy higi Health Consultant Western Union Money Transfer Service Rite Aid Photo Photo Lab LibertyX Bitcoin ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Building Supply Nail 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
    -123.0374505
    Latitude
    44.9438078

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    FAQs

    What type of property is this?
    Retail property - 61,461 SF Big Box Retail, 25,000 SF Vacant
    Where is this retail property located?
    The property is located at 435 Liberty St Salem, OR.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 61,461 SF big-box retail space on 2.65 acres in Salem, OR.; 25,000 SF of vacant space available.; Located at 435 Liberty St NE, near Center St, with excellent visibility.
    Request Owner's contact information
    435 Liberty St Salem, OR 97301
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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
    435 Liberty St Salem, OR 97301
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