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    Salem, OR
    Theaters & Concert Hall

    Salem, OR Theaters & Concert Halls for Sale

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    Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Independence, OR Klamath Falls, OR Silverton, OR
    Former Cinebarre Theater Redevelopment
    Updated: Jun 3
    Former Cinebarre Theater Redevelopment

    501 Marion St NE, Salem, OR 97301

    $3,950,000
    37,152 sqft
    Approximately 37,152 SF former Cinebarre theater on its own parcel in downtown Salem
    Built in 1988 and previously operated as a luxury dine‑in movie theater
    Seven auditoriums plus expansive lobby areas, offering large interior spaces for redevelopment or reuse
    Existing commercial kitchen infrastructure and bar areas support a range of future concepts
    Located on the corner of Marion Street and High Street with prominent frontage and direct access to downtown core
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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Theater Building with Apartment
    Theater Building with Apartment

    1954 Union Ave, North Bend, OR 97459

    $995,000
    16,000 sqft

    1953 theater property with a second-floor apartment, offices, meeting rooms, and a full basement.

    View details
    Historic Wedding Venue with Deck
    Historic Wedding Venue with Deck

    5819 Sacramento Ave, Dunsmuir, CA 96025

    $299,000
    1,658 sqft 0.11 AC lot

    Renovated performing-arts property with indoor and outdoor event areas, two ADA-compliant public restrooms, and public utilities.

    View details
    Historic Performing Arts Venue
    Historic Performing Arts Venue

    5819 Sacramento Ave, Dunsmuir, CA 96025

    $299,000
    1,658 sqft

    Renovated facility offers indoor and outdoor event areas with ADA-compliant public restrooms.

    View details
    Restored Theater with 450 Seats
    Restored Theater with 450 Seats

    North Bend, OR 97459

    $995,000
    16,000 sqft 0.22 AC lot

    Historic commercial venue with offices, an apartment, meeting rooms, and substantial storage capacity.

    View details

    Off-Market Properties in Salem, OR

    Consider similar Off-Market properties in Salem, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    365 Lancaster SE Dr
    THEATER (MOVIE)

    365 Lancaster SE Dr, Salem, OR 97317-5336

    Estimated value:
    No data
    40,069 sqft 6.37 AC lot
    View details
    3893 Commercial SE St
    THEATER (MOVIE)

    3893 Commercial SE St, Salem, OR 97302-3834

    Estimated value:
    $1,340,000
    9,287 sqft 0.36 AC lot
    View details
    360 Belmont NE St
    THEATER (MOVIE)

    360 Belmont NE St, Salem, OR 97301-1006

    Estimated value:
    $6,200,000
    View details
    501 Marion NE St
    THEATER (MOVIE)

    501 Marion NE St, Salem, OR 97301-3727

    Estimated value:
    No data
    37,152 sqft 0.99 AC lot
    View details
    200 Commercial SE St
    ARENA, CONVENTION CENTER

    200 Commercial SE St, Salem, OR 97301-3426

    Estimated value:
    $415,000
    49,294 sqft 1.13 AC lot
    View details
    170 High SE St
    THEATER (MOVIE)

    170 High SE St, Salem, OR 97301-3608

    Estimated value:
    $335,000
    19,367 sqft 0.35 AC lot
    View details

    Salem, OR Theaters & Concert Halls Market Trends and Statistics

    Explore 7 theaters & concert halls for sale in Salem, OR on our real estate platform. These investment opportunities span a total of 37,152 square feet of properties for sale, with an estimated market value of $3,950,000.

    Sale prices for performance venues in Salem, OR average $3,950,000 — 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

    Fitness centers & gyms 4
    Theaters & concert halls 3

    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
    97301 $4M

    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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    Most Searched ZIP Codes in Salem, OR

    • 97301

    Featured Salem Real Estate Agencies

    Realmo connects you with licensed Salem CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Prudential Real Estate Professionals
    1220 20th Street SE Salem, OR 97302
    Phone: 15033713013
    www.PrudentialHomeFinder.com

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