Property profile

190 High St Salem, OR 97301

OFF-MARKET
Retail properties & Spaces
30,937 SF
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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

Current use

Occupant on record · Public records
  • Bakery Discount Store

Location

190 High St Salem, OR 97301
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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