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Office Building with Live-Work Potential
For Lease
$4,824/Mo

Suite-1607 State St, Salem, OR 97301

Recent roof, sewer line, and flooring work accompany on-site parking at this office property.

Space SizeContact for details
Days on Market17

Property Features for Suite-1607 State St

General Information

Standard status Active

Additional Details

Space Use Live-Work

Amenities

onsite parking
Listing Agency: NVEST REAL ESTATE AND PROPERTY MANAGEMENT LLC
Listed By: CASEY OLIVER · License #201223998
Source: Exprealty
Added: Sep 22 Changed: Oct 7 Last Checked: Oct 7 at 2:14PM

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 NVEST REAL ESTATE AND PROPERTY MANAGEMENT LLC

Investment Insights

Based on property information with market context.

This 2,608-square-foot office building in Salem includes on-site parking. Improvements include a new roof and main sewer line, along with some new flooring. The property may accommodate a live-work arrangement, subject to the prospective occupant’s own review of use requirements.

Key Highlights

  • 2,608‑square‑foot office building
  • New roof and main sewer line
  • Some new flooring

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store HVAC Service Electrical Service Carpet & Flooring Store Plumbing Service (Bike/Boat/Book/etc) Store

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

NNN (Triple Net)
Lease Type
$3.33 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,870
Businesses Nearby

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

$22 /SF/Yr
Avg Asking Price
$16–$27 /SF/Yr
Price Range
16,422 SF
Avg Space Size

This space is priced 1% above the average of $22 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office building - Recent roof, sewer line, and flooring work accompany on-site parking at this office property.
Where is this office building located?
The property is located at Suite-1607 State St Salem, OR.
What is the lease rate?
The lease rate is $4,824/Mo.
What are key features of this property?
This property features: 2,608‑square‑foot office building; New roof and main sewer line; Some new flooring
More about this property
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