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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

156 Front St Salem, OR 97301

Built 2011
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents high-profile ground-level commercial office or retail space in the heart of downtown Salem, Oregon. Located at 156 Front St NE, 97301, this property boasts a prime location directly across from Riverfront Park, offering unparalleled visibility and accessibility. The available space ranges from 760 to 1,358 square feet, with the possibility of combining units to accommodate larger needs. Built in 2011, the building features modern spaces delivered as a vanilla shell, ready for tenant improvements. Each unit includes an ADA-compliant restroom and kitchenette with an additional sink, HVAC system, and concrete flooring. The space is sheetrocked and prepared for painting. A shared parking lot provides 17 spaces for tenants' convenience. The property is zoned CB – Central Business, within Marion County. A tenant improvement allowance is available for qualified tenants. The lease is a modified gross lease, with tenants responsible for electricity, gas, and janitorial services. This is an ideal location for businesses seeking a vibrant, accessible, and modern workspace in Salem's thriving downtown area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2011
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • River Front LLC Park
  • Mathnasium Tutoring Service
  • LIV Wellness - Real Food Nutrition Alternative Medicine Practice Spa & Massage Center
  • LaLumiere Massage Alternative Medicine Practice Spa & Massage Center
  • Cuban Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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