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    OFF-MARKET
    Retail properties & Spaces

    190 High St, Salem, OR 97301

    30,937 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, known historically as the Chemeketa Lodge No. 1 and Odd Fellows Building, is now offered for sale at $5,025,000. Located at 190 High St NE in Salem, Oregon (zip code 97301, APN 073W27AB90006), this landmark building boasts 30,937 square feet spread across three stories. Built in 1900, this iconic structure offers a unique blend of commercial spaces, including restaurant, storefront, and traditional office areas, making it ideal for a variety of uses. The property is zoned CB and has undergone significant infrastructure and theatre upgrades totaling approximately $2.5 million in recent investments. The building's central location in Salem's historic district has made it a community gathering hub for over a century. This presents a rare opportunity to acquire a piece of Salem's rich history and a highly versatile commercial property with substantial potential. The property consists of one building and is situated on a single parcel. The price per square foot is $162.43. Detailed financial information is available upon request and execution of a non-disclosure agreement.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 30,937 SF
    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
    • 5 Star Donuts Bakery Discount Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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