Grocery Outlet 299 D St NE 43,818 SF 100% Leased Retail Building Salem, OR 97301 $4,500,000 ($102.70/SF)

This 23,218 SF street-level space is available for lease now with occupancy beginning March 2026. The building sits on a 2 acre site and features a clear-span layout, full loading dock and ample truck turnaround space, making it highly functional for a wide range of commercial uses. Zoned Central Business District (CBD), the property offers the flexibility to house retail, grocery, entertainment, fitness or other community-serving concepts. The building is currently occupied by Grocery Outlet who will be vacating on 02.28.2026, opening the door for a new business to take root at this prominent and highly accessible property within Salem’s Downtown Riverfront Urban Renewal area.
D Street Storage is a 21,267 SF self-storage facility located beneath 299 D Street NE in North Downtown Salem. Built in 2020, the property is fully stabilized and professionally managed by an in-place third-party operator. Tenants enjoy 24-hour access, secure infrastructure, and direct truck access with turnaround from Commercial Street. The facility has shown strong performance in a tight-supply self-storage market, providing reliable built-in cash flow. As a complementary fiscal component to the overall asset, D Street Storage enhances income stability and long-term value for ownership.