156 Front St Salem, OR 97301
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.