Property summary
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
VerifiedCap rate & NOI
Current use
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Bakery Discount Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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