350 Miller SE St Salem, OR 97302-4248
This exceptional 8,960 square foot Class B office building, located at 350 Miller St SE in Salem, Oregon, presents a unique investment opportunity. Built in 2005 and extensively renovated in 2022, this multi-tenant property boasts medical-grade finishes and a desirable location on the Liberty Street Professional Office Corridor, just south of downtown. The building features two suites totaling 7,950 net rentable square feet, with the first floor encompassing 4,408 square feet and the second floor 3,542 square feet. Amenities include 26 on-site parking spaces with access from Liberty and Miller Streets, plus abundant on-street parking. A distinctive architectural feature, known locally as the "lighthouse property," enhances visibility and curb appeal. The building offers elevator service, full ADA compliance, and a private two-car garage attached to a full bathroom within the owner's office. The property sits on a 0.39-acre lot and is zoned for commercial office use. Its previous tenants included a plastic surgeon's office, a medical office, and an accounting firm, demonstrating its versatility and suitability for a variety of professional uses. The building's high-end exterior finishes and welcoming entrance create a professional and inviting atmosphere. This property is ideally suited for an owner-user seeking a prominent location and high-quality space.
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Robert T. Scott, DPM Physician
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Liberty Spine & Pain Center, Pc Physician
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Gennaya Mattison Physician Medical Clinic
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Gennaya Lynn Mattison Physician Medical Clinic
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Jamison Steven K CPA Accounting Firm Tax Preparation
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
CO · 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.