181 High St Salem, OR 97301

Property Details for 181 High St

Year built

1900

Property size

9,950 SF

Zone code

CB

Property type

Investment properties

Property subtype

Retail residential properties

APN

073W27AB90001

APU

073W27AB90001

Description

Salem's Historic Grand, a landmark building constructed in 1900, offers a unique opportunity for businesses seeking prime office space in Salem's vibrant Central Business District (CBD). This three-story building, encompassing 38,450 square feet, features a diverse mix of executive and traditional office suites, along with retail and other commercial spaces. The property boasts a highly desirable location at the corner of High St NE and Court St NE, benefiting from excellent visibility and high traffic counts of 7,870 vehicles per day. With a walk score of 79, the building provides easy access to a variety of amenities, including restaurants and cafes. Available spaces range from a minimum of 225 square feet to a maximum contiguous space of 7,015 square feet, offering flexibility for businesses of all sizes. The building includes 24 parking spaces and features modern amenities such as secured entry with on-site security cameras and access to shared conference rooms. On-site property management ensures efficient operations. The property sits on a 0.5-acre lot and is zoned for CBD use. Currently, 13,827 square feet of space is vacant, presenting a significant opportunity for new tenants. Lease rates are competitive, ranging from $1.58 to $2.05 per square foot, full-service less janitorial. The building's rich history and central location make it an ideal choice for businesses seeking a prestigious and convenient address in Salem's downtown core. The building consists of eight total suites.

Location Insight

City

Salem

County

Marion

State

Oregon

Longitude

-123.037

Latitude

44.9404

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments