Salem, OR Retail Properties & Spaces for Sale

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Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Rickreall, OR

32 properties

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Updated: Jul 19

Flex Industrial Property with Two Buildings

3125 - 3157 Portland Road NE, Salem, OR 97301

$1,100,000

6,212 sqft

Land value only sale includes two buildings totaling 6,212 SF.
Flexible zoning allows retail, office, hospitality, and a variety of industrial uses.
Includes $2,900/month income from month‑to‑month tenants who would like to stay.
Being sold in as‑is condition.

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3125 - 3157 Portland Road NE, Salem, OR 97301

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Est. Cap Rate

6.8%
Above avg (5.9%)
Est. NOI

$75K
Annual
Price @ 7% Cap

$1.07M
Suggested
Last Sold

Mar 2017
$400K
Property Type

Commercial (General)
Built 1965

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Updated: Apr 21

Retail Space with CR Zoning

4055 Silverton Rd NE, Salem, OR 97305

$399,900

1,013 sqft 0.15 AC lot

1,013‑square‑foot retail property on a 0.15‑acre parcel
CR zoning
Built in 1950
Ductless heating system
Shingle roof

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Flex Space with Truck Access

3650 Mainline Dr NE, Salem, OR 97301

$1,300,000

7,246 sqft 3.09 AC lot

Industrial property with paved and gravel yard areas, multiple shop structures, and three-phase power for heavy-duty operations.

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Industrial Land with Shop Improvements

3650 Mainline Dr NE, Salem, OR 97301

$1,300,000

3.09 AC lot

IG-zoned industrial land with paved and compacted surfaces, shop buildings, and three-phase power.

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Full-Block Mixed-Use Property

400 High St NE, Salem, OR 97301

$8,899,999

170,000 sqft 2.65 AC lot

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

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Downtown Salem Investment Opportunity

300-390 Liberty St SE, 410 & 420 Mill St SE, & 305-395 High St SE, Salem, OR 97301

$5,950,000

61,521 sqft

Fully occupied Salem property with high rental upside potential.

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Versatile Commercial Property with Development Potential

3650 Mainline Dr Ne, Salem, OR 97301

$1,300,000

7,246 sqft 1.00 AC lot

Acre of level ground with existing structures and development potential.

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Leased Multi-Tenant Strip Center

1200 Hawthorne Ave NE, Salem, OR 97301

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7,200 sqft 0.55 AC lot

Leased 7,200 SF retail strip center on 0.55 acres with multiple established tenants and on-site parking.

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Freestanding Retail Building with Parking

3965-3985 Rich Dr NE, Salem, OR 97305

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3,125 sqft 0.25 AC lot

Freestanding retail building is fully leased to two tenants and includes 17 striped parking spaces.

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Automotive Shop With Office Building

4045 4045 State St, Salem, OR 97301

$675,000

1,900 sqft

The layout combines service bays with reception, private offices, restrooms, and an upper-level open work area.

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Commercial Portfolio with Highway Frontage

1994 Commercial St NE, Salem, OR 97301

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9,299 sqft 0.60 AC lot

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

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NNN Grocery Convenience Store

1355 Salem Industrial Drive Northeast, Salem, OR 97301

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19,600 sqft

NNN investment offering due diligence materials, including original lease details, amendments, and a renewal option beginning September 2026.

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Redevelopment Opportunity in South Salem

3212 Triangle Dr SE, Salem, OR 97302

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4,416 sqft 0.62 AC lot

High-visibility mixed-use redevelopment opportunity on 0.62 acres.

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Absolute NNN Retail Investment

1940 Lancaster Drive Northeast, Salem, OR 97305

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2,583 sqft

Absolute NNN retail asset with zero landlord obligations and a tenant commitment through April 2031.

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Corner Showroom with Shop Bay

1695 Fairgrounds Rd NE, Salem, OR 97301

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5,000 sqft

Corner showroom with signage, open showroom area, shop bay with office, and 3-phase power; new roof added in 2019.

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Retail Storefront Property

140 Front St, Salem, OR 97301

$895,000

For-sale retail storefront property located on Front St in Salem, Oregon.

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Vacant Retail Storefront Opportunity

2795 12th St SE, Salem, OR 97302

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2,212 sqft

Two commercial units are offered, including a vacant convenience-store space with an office and bathroom.

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Multi-Building Retail Shopping Center

407 Lancaster Dr NE, Salem, OR 97301

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42,033 sqft 4.48 AC lot

42,033 SF shopping center with 11 suites across six buildings and eight parcels, anchored by established national and regional tenants.

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Produce Market Business for Sale

4087 4087 State St, Salem, OR 97301

$85,000

2,900 sqft

Produce business sale includes FF&E and inventory, with financials available upon request; real property is not included.

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Retail Strip Center For Sale

1420 Lancaster Dr NE, Salem, OR

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4,200 sqft 1.65 AC lot

Two-building retail strip center with vacancy, remodeled in 2019.

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NNN Retail Center with Storefronts

1120-1130 Royvonne Ave SE, Salem, OR 97302

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5,697 sqft

NNN-structured retail center positioned within MU-III zoning, supporting a mix of retail, office, and related uses.

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Roth McGilcrest Mixed-Use Building

120 Liberty Street Northeast, Salem, OR 97301

$8,250,000

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

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Multiuse Auto Repair Industrial Buildings

1255 Sunnyview Rd NE, Salem, OR 97301

Contact for pricing

1.92 AC lot

Two industrial buildings on 1.92 acres, including a concrete multiuse building with office, heated shop, and four oversized overhead doors.

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Two-Building Retail Strip Center

1420 Lancaster Dr NE, Salem, OR 97301

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26,965 sqft

Two-building retail strip center with seven tenants and one available retail space, recently remodeled exterior and signage improvements.

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Salem, OR Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Salem, OR, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 532,640 square feet of properties for sale, with an estimated market value of $30,154,899.

Sale prices for stores in Salem, OR start at $85,000, averaging $2,741,354, and reaching up to $8,899,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 279K

Population Growth (5Y) +5.0%

Median Household Income $76,436

College Educated 19.3%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
97305	$399.9K
97301	$1.9M

Taxes & Financing

Tax Rate (average for all types) 1.85%

Property Tax per SF $20.84 per SF

Tax Rate vs County Average 0.05 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marion County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Marion County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

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