Liberty St, Salem, OR 97301
This exceptional 3,593 square foot office building presents a unique investment opportunity in Salem, Oregon. Strategically located just north of the city's downtown core, this property enjoys a highly desirable address adjacent to the renowned McMenamins Boone's Treasury. The building itself boasts 10 private offices, perfect for a variety of professional uses, complemented by a spacious conference room, a comfortable break room, and a built-in reception desk. A large open workspace offers flexibility and adaptability to suit diverse business needs. Beyond the functional interior, this property offers a significant advantage: ample on-site parking. This parking is not only convenient for tenants but also generates passive income through an existing after-hours lease agreement with McMenamins. The 0.44-acre lot provides ample space and ensures convenient access for both employees and clients. This turnkey office building represents a rare blend of prime location, substantial features, and a reliable income stream, making it an attractive proposition for discerning investors seeking a strong return on investment in a thriving Oregon market. The property is currently under contract with contingencies.
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
Similar Nearby for Lease
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.