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Renovated Medical Office Space Available
For Lease
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2720 Commercial St SE, Salem, OR 97302

Multi-tenant medical office in coveted commercial corridor.

Space Size2,944 SF - 3,942 SF
Property Size15,015 SF
Days on Market682

Property Features for 2720 Commercial St SE

General Information

Standard status Active
Size 2,944 SF - 3,942 SF
Property subtype Office
Lease Type Full Service

Building Details

Building Size 15,015 SF
Year Built 2000
Tenancy Multiple

Spaces For Lease

at 2720 Commercial St SE Contact us

Suite 150

Size
2,944 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 250

Size
3,942 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Nick Williams · License #201230204
Source: Crexi
Added: Oct 8, 2024 Changed: Aug 12 Last Checked: Aug 20 at 10:07AM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

Constructed in 2000 as a single-tenant medical office and renovated in 2010, Petra Plaza is now a multi-tenant building with available suites on the upper and lower levels. The property is situated along a highly coveted commercial corridor with historically strong demographics. Current tenants include a national oncology clinic and a local information technology firm. The property is powered primarily through solar panels. Leases are offered as full service, base year. Medical and conventional office users will find the property attractive due to its ADA compatibility, elevator service, and usable floor plan. The location offers easy ingress and egress, robust parking, and modern construction. Abundant nearby services are available, and the location is frequently served by Cherriots route 21.

Key Highlights

  • Highly coveted commercial corridor location with strong demographics.
  • Powered primarily by solar panels.
  • ADA compatible and fully elevator‑served.

Property Analytics

Current Use

John Cooper Girod Physician John Girod, MD Physician Shaw E David ... Physician Campbell Daniel J ... Physician Cascade Infectious Dis ... Medical Clinic

Suggested Use

Top Pick Electrical Service HVAC Service Big Box & Wholesale Store Parking Lot & Garage Storage Facility Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

817
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97302, OR

39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Multi-tenant medical office in coveted commercial corridor.
Where is this medical office space located?
The property is located at 2720 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Highly coveted commercial corridor location with strong demographics.; Powered primarily by solar panels.; ADA compatible and fully elevator‑served.
(503) 588-0400 Call to check price and availability
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