223 Commercial St NE Salem, OR 97301
For Lease
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This beautifully renovated, two-story building in Salem, Oregon's central business district (CBD) offers 14,850 square feet of prime office space across 18 suites. The property, known as the Starkey Building, is located at 223 Commercial St NE, 97301, and features a mix of traditional, executive, and creative office spaces, with a minimum divisible space of 185 square feet. Currently, 2,946 square feet are vacant. The building boasts modern amenities including a high-glass wall shared conference room on the second floor, an elevator, and shared bathrooms. Security features ensure a safe and productive work environment. Tenants will appreciate the common areas with additional seating. A unique offering includes ten fully furnished micro salon suites ranging from 85 to 193 square feet, each featuring sliding glass doors, VLP flooring, and dimmable lighting. Two larger, fully furnished private salon suites with two salon stations and black cabinetry sinks are also available. Landlord provides industry-standard chairs, and internet is included in the full-service lease rates. This exceptional property presents a rare opportunity in Salem's vibrant downtown core. The building's historic charm is complemented by modern updates, creating a sophisticated and functional workspace.
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Sean & Susan, Reed Homes NW Real Estate Agency
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Alyssa Rife Hair Salon
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Hailey Sells, Realtor Real Estate Agency
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Sara Guthrie Counselor
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Contact Lewis Design, LLC Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Salem, ORSalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.