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302 State St
Salem, OR 97301
Retail Property For Sale
Investment Highlights
- National Credit, Fortune 500 company to lease back 9,857 SF for 7 years w/ four 5-year options 41,527 SF remaining for Owner/User or Lease Up
- Total Land Area: 29,621 SF (0.68 Acres) with 27 Space Surface Parking Lot
- Easily walkable to State Capital Mall, County Courthouse, Riverfront Park, hotels, restaurants, entertainment and major retail
- 3 Floors including Fully Improved Basement
- Solid office market with only 6.8% vacancy rate mid-year 2024 in Salem
- 46,703 Average Daily Traffic (State @ Commercial)
Property Facts
Property Type
Retail
Property Subtype
Building Size
51,384 SF
Building Class
B
Year Built/Renovated
1869/1966
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.73
Lot Size
0.68 AC
Zoning
CB - Central Business District
Parking
27 Spaces (0.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Corner Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 589250 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,856,460 |
Property Taxes
Parcel Number
589250
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,856,460
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