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Sale / Joint Venture 217 State St 13,270 SF Retail Building Salem, OR 97301 $1,895,000 ($142.80/SF)
INVESTMENT HIGHLIGHTS
- 217 State - $1,895,000 • 13,270 SF
- Street Parking • Private Upper Level Parking Garage
- Qualified Opportunity Zone (QOZ)
- CB Zoned - Central Business District
- High Visibility Location • Signaled Intersection
- Up to $699,000 in Urban Renewal Grant Funds • 20% Historic Tax Credit
EXECUTIVE SUMMARY
Step into the heart of Salem's bustling downtown with the opportunity to purchase, or embark on a joint venture at the Historic Furlong Building. Nestled at the signaled intersection of the Central Business District, this property boasts prime visibility and a high-traffic locale. With 13,270 SF, including a unique upper-level parking garage, this location is positioned directly across from the scenic 26 acre Riverfront Park, seize the chance to establish your presence in this vibrant retail center.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,270 SF
Building Class
C
Year Built
1900
Price
$1,895,000
Price Per SF
$142.80
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Slab To Slab
12’
Building FAR
1.90
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CB
Frontage
149’ on State St
AMENITIES
- Corner Lot
- Signalized Intersection
- Waterfront
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 589341 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $369,910 |
PROPERTY TAXES
Parcel Number
589341
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$369,910
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Sale / Joint Venture | 217 State St
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