Analytics Center
Properties
Other investment properties
OR
Salem
97301
105 Liberty NE St

Property profile

105 Liberty NE St Salem, OR 97301

OFF-MARKET

Investment properties

Property ID

US71-0509047

17,169 SF 0.22 ac lot Built 1891

Entity Owned 12-yr Hold Absentee Owner Free & Clear

Saved · see the list in your Dashboard

The Gray Building, a Class A property at 105 Liberty St NE, Salem, OR 97301, offers exceptional office space in the heart of Salem's Central Business District. This historically significant building, constructed in 1891 and extensively renovated in 2018, boasts 16,784 total square feet across two stories. Currently, 5,705 square feet of space is available, divisible into units as small as 410 square feet and up to a contiguous 2,725 square feet. The building features one elevator and is conveniently located near the intersection of State and Liberty Streets, benefiting from high pedestrian traffic and proximity to vibrant restaurants. Its prime location within the Downtown Salem submarket and CBD zoning makes it an ideal location for businesses seeking a prestigious address. The building's mixed-use nature is evident with existing tenants including a restaurant, donut shop, financial planning firm, and photo studio. This presents a unique opportunity to join a thriving community within a beautifully restored historic landmark. The building's blend of historic charm and modern amenities provides a sophisticated and functional workspace.

Property type Investment properties

Use group STORE/OFFICE (MIXED USE)

Year built 1891

Total area 17,169 SF

Lot 0.22 ac (9,583 SF)

Zoning code CB

APN 073W27AB06300

UPID US71-0509047

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Clothing Store Children'S Store
Tour Operator
Clothing Store

105 Liberty NE St Salem, OR 97301-3528

Salem metro Census 200 SALEM, OR METROPOLITAN STATISTICAL AREA

Google Maps

AI Approach AI

by Request

CAP Approach CAP

by Request

Comparable Approach Comparable

$2.57M

Blend (final) Blend

$2.58M

since 2013

7 recorded transactions

2020

Price N/A

2019

Price N/A

2019

Price N/A

2019

Price N/A

2017

Price N/A

2013

Price N/A

1969

Price N/A

Zoning description

CHAPTER 524. - CB-CENTRAL BUSINESS DISTRICT Sec. 524.001. - Purpose. The purpose of the Central Business District (CB) Zone is to implement the central business district designation of the Salem Area Comprehensive Plan t…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$370,000

2,760 SF

1919 State St

STORE/OFFICE (MIXED USE)

1919 State St, Salem, OR 97301-4346

View Details
Value Estimation
$10,440,000

36,884 SF

187 High NE St

STORE/OFFICE (MIXED USE)

187 High NE St, Salem, OR 97301-3641

View Details
Value Estimation
$1,120,000

6,642 SF

198 Liberty SE St

STORE/OFFICE (MIXED USE)

198 Liberty SE St, Salem, OR 97301-3506

View Details
Value Estimation
$2,505,000

11,222 SF

225 Liberty NE St

STORE/OFFICE (MIXED USE)

225 Liberty NE St, Salem, OR 97301-3531

View Details
Value Estimation by Request
1.57 Acres

360 Belmont NE St

STORE/OFFICE (MIXED USE)

360 Belmont NE St, Salem, OR 97301-1006

View Details
Value Estimation
$22,985,000

218,923 SF

290 Chemeketa NE St

STORE/OFFICE (MIXED USE)

290 Chemeketa NE St, Salem, OR 97301

View Details

Similar Nearby for Sale

New

$8,250,000

Roth McGilcrest Mixed-Use Building

Historic adaptive-reuse property combining ground-floor commercial space with boutique residential units in downtown Salem.

120 Liberty Street Northeast, Salem, OR 97301

View Details
Contact for pricing
9,299 SF

Commercial Portfolio with Highway Frontage

Two-parcel commercial/industrial portfolio with showroom, office, and warehouse space.

1994 Commercial St NE, Salem, OR 97301

View Details
$2,500,000

Mixed-Use Office Property

Configured with multiple private offices and bullpen-style rooms for flexible commercial occupancy.

355 NE Belmont St, Salem, OR 97301

View Details
New

$8,899,999

170,000 SF

Full-Block Mixed-Use Property

Vacant former department store with flexible CB zoning, structured parking, loading infrastructure, and a private mall connection.

400 High St NE, Salem, OR 97301

View Details
New

Contact for pricing
39,935 SF

Mixed-Use Plaza Del Sol, Salem

Two-building property with retail, office, and warehouse space.

3545-3599 Portland Road NE, Salem, OR 97301

View Details
$495,950

3,065 SF

Triplex With Two Cottages

Includes one larger residence and two identical one-bedroom cottages for flexible occupancy arrangements.

589 Knapp Pl NE, Salem, OR 97301

View Details

Similar Nearby for Lease

New

Contact for pricing
38,450 sqft

Historic Mixed-Use Property in Salem

Historic mixed-use property with office, retail, and restaurant spaces.

181 High St NE, Salem, OR 97301

View Details
New

Contact for pricing

Mixed-Use Building in Downtown Salem

Eclectic mixed-use building with apartments, office, retail, and artist studios.

155 Liberty St NE, Salem, OR 97301

View Details
Contact for pricing

Mixed-Use Building at Lighted Intersection

Commercial building identified for retail, office, and medical uses.

388 Commercial St Unit: (For Lease), Salem, OR 97301

View Details
Contact for pricing

LEED-Certified Office Building

Downtown Salem office building with LEED certification and creekside views.

471 High Street, Salem, OR 97301

View Details
Contact for pricing
2,856 sqft

Medical Office with Parking Access

Suite includes private offices, conference space, reception, break room, and two restrooms with prominent main-entrance visibility.

200 Hawthorne Ave SE, Salem, OR 97301

View Details
Contact for pricing
686 sqft

Renovated Office Building

Recently renovated office building with new roof, HVAC, lighting, and fenced parking.

3850 Portland Rd NE, Salem, OR 97301

View Details