777 Commercial SE St, Salem, OR 97301-3421
This exceptional 3,129 square foot executive office suite, located at 777 Commercial St SE Suite B in Salem, Oregon, presents a unique investment opportunity. Situated within a prestigious, luxury apartment building, this single-tenant space boasts an open floor plan, two ADA-compliant restrooms, and convenient exterior entrances. The suite is divisible into two separate units, each a minimum of 1,391 square feet, offering flexibility for various business needs. Benefiting from recent rezoning to Mixed-Use Riverfront, this property allows for diverse uses, capitalizing on its proximity to the Willamette River. The building offers Class A amenities, including dedicated parking and prominent monument signage. Its location at a signalized intersection ensures high visibility and significant traffic counts. This thriving commercial environment includes notable co-tenants such as Cascade Cardiology, First American Title, and AFLAC Insurance, alongside over 85 luxury condominium units. Tenant improvement options are available for qualified tenants and lease terms. The property sits on a 2.54-acre lot in Salem, Oregon (zip code 97301), within Marion County.
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Maziar Azadpour Physician
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Salem Accounting & Payroll Services Tax Preparation
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Union Gospel Mission of Salem Men's Mission Charitable Organization Volunteer Organization
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Harminder Gandhok Physician
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Samantha Pacheco Physician
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
CR · 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.