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Salem Center 401 Center St NE 543 - 90,735 SF of Retail Space Available in Salem, OR 97301
Highlights
- Premier downtown location with strong visibility and foot traffic.
- Dynamic retail destination anchored by national brands.
- Opportunities for retail, dining, or entertainment concepts.
- Convenient access to major arterials and adjacent public parking.
- Walkable environment near Salem Convention Center and Willamette University.
- Consistent customer flow from nearby offices and residential developments.
Space Availability (22)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 37,152 SF | Negotiable | $8.40 /SF/YR $0.70 /SF/MO $312,077 /YR $26,006 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1104 | 3,530 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $42,360 /YR $3,530 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1114 | 6,520 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 1118 | 3,856 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $46,272 /YR $3,856 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1128 | 853 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $15,354 /YR $1,280 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1134 | 1,667 SF | Negotiable | $14.04 /SF/YR $1.17 /SF/MO $23,405 /YR $1,950 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1174 | 5,488 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $65,856 /YR $5,488 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1178 | 6,356 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $76,272 /YR $6,356 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1186 | 1,090 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $13,080 /YR $1,090 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2204 | 1,984 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $23,808 /YR $1,984 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2224 | 1,208 SF | Negotiable | $15.96 /SF/YR $1.33 /SF/MO $19,280 /YR $1,607 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2238 | 7,885 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor, Ste 2256 | 605 SF | Negotiable | $54.96 /SF/YR $4.58 /SF/MO $33,251 /YR $2,771 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2258 | 543 SF | Negotiable | $54.96 /SF/YR $4.58 /SF/MO $29,843 /YR $2,487 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2264 | 3,682 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $44,184 /YR $3,682 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2270 | 1,130 SF | Negotiable | $15.96 /SF/YR $1.33 /SF/MO $18,035 /YR $1,503 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2278 | 1,609 SF | Negotiable | $13.20 /SF/YR $1.10 /SF/MO $21,239 /YR $1,770 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2280 | 2,892 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $52,056 /YR $4,338 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2290 | 856 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $15,408 /YR $1,284 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2291 | 613 SF | Negotiable | $60.00 /SF/YR $5.00 /SF/MO $36,780 /YR $3,065 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 2292 | 640 SF | Negotiable | $60.00 /SF/YR $5.00 /SF/MO $38,400 /YR $3,200 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 281-5 | 576 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $13,824 /YR $1,152 /MO | Triple Net (NNN) |
501 Marion St NE - 1st Floor
Positioned in the heart of downtown Salem, the former Cinebarre theatre is a rare opportunity to acquire a high-profile commercial property with exceptional redevelopment and repositioning potential. The property consists of approximately 37,152 SF on its own parcel within the Salem Center district and offers exceptional visibility, scale, and infrastructure in the heart of Oregon’s capital city. Formerly operated as a luxury dine-in movie theater, the property features existing auditorium space, lobby areas, kitchen infrastructure, and utility capacity suitable for a wide range of future commercial uses. Located just blocks from the Oregon State Capitol, Riverfront Park, and downtown amenities, the property presents a unique opportunity for investors, developers, and owner-users seeking a signature downtown asset with long-term upside.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Movie Theater
- 37,152 SF former Cinebarre theater.
- Seven auditoriums with flexible layout.
- Downtown Salem near State Capitol.
- Ideal for reuse or redevelopment.
480 Center St NE - 1st Floor - Ste 1104
Located in the South building first floor retail suite equipped with a front retail area, with multiple private rooms and storage rooms, and a private bathroom, suited for service or boutique retail uses.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Lower-level large retail
- Private bathroom included
- Plumbing infrastructure ready
480 Center St NE - 1st Floor - Ste 1114
Spacious retail unit located in the south building, first floor.
- Fully Built-Out as Standard Retail Space
- Spacious open layout
- Custom build-out potential
- Lower-level location
480 Center St NE - 1st Floor - Ste 1118
Located in the South building, first floor. Retail suite with large open area, multiple fitting rooms, a back storage area with potential for private street access. Ideal for retail or food users, includes a private bathroom for convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Includes private restroom
- Water connection installed
- Retail-ready layout
480 Center St NE - 1st Floor - Ste 1128
Located in the South building, first floor. Retail suite with front open retail area and a back storage room. Suited for small-scale shop or specialty retail concepts.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Compact retail configuration
- Ideal for boutique users
- High-traffic exposure
480 Center St NE - 1st Floor - Ste 1134
Located in the South building, first floor. Retail corner suite with large front area and multiple private back rooms. Next to common area restrooms for customer convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Corner retail suite
- Adjacent common restrooms
- Water utility ready
401 Center St NE - 1st Floor - Ste 1174
Shell-condition suite allowing custom build-out. Can be combined with adjacent units for more space. Located in the North building
- Lease rate does not include utilities, property expenses or building services
- Shell-condition for flexibility
- Combination potential with others
- Ample retail frontage
401 Center St NE - 1st Floor - Ste 1178
Retail space in shell condition, facing Center Street. Can combine with neighboring suite for additional square footage needs. Located in the North building
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Large shell-format suite
- Visible Center Street frontage
- Adjustable floor plan
401 Center St NE - 1st Floor - Ste 1186
ersatile retail space in shell condition, with ability to combine with neighboring units. Located in the North building
- Lease rate does not include utilities, property expenses or building services
- Small shell space
- Combines with neighbors
- Flexible retail use
480 Center St NE - 2nd Floor - Ste 2204
Located in the South building, upper-level retail space with open area and back storage and private restroom
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Includes private restroom
- Upper-level visibility
- Plumbing ready
480 Center St NE - 2nd Floor - Ste 2224
Located in the South building, upper level retail suite with front retail area, back open area, and two small rooms one with a 3 compartment sink and grease trap. Includes a private bathroom
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Equipped with grease trap
- Three-compartment sink installed
- Upper-level placement
480 Center St NE - 2nd Floor - Ste 2238
Located in the South building. Expansive upper-level retail suite with large open retail area, multiple fitting rooms, back storage rooms and 2 restrooms. This space has two entrances and may be demised. Ideal for large-scale operations.
- Fully Built-Out as Standard Retail Space
- Two expansive entrances
- Restrooms and water included
- Large-scale retail layout
401 Center St NE - 2nd Floor - Ste 2256
Former food court restaurant space featuring a hood and grease trap system with sinks. Common area seating area. Located in the North building food court
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Built for restaurant use
- Hood system pre-installed
- Includes grease trap
401 Center St NE - 2nd Floor - Ste 2258
Compact food court space equipped with large hood, grease trap and sinks. Ideal for restaurant operations with common area seating. Located in the North building food court.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Compact food court suite
- Large hood installed
- Restaurant-ready space
401 Center St NE - 2nd Floor - Ste 2264
Located in the North building, second floor retail space with large open area, back storage rooms and private bathroom.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Fully open retail format
- Flexible layout options
- Upper-level placement
401 Center St NE - 2nd Floor - Ste 2270
Retail suite with water connection and washer/dryer hook-up capability. Located in the North building
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Washer/dryer hook-up enabled
- Water connection included
- Upper-level floor placement
401 Center St NE - 2nd Floor - Ste 2278
Retail space located near Macy’s skybridge, offering a large open area, private room with a sink, and washer/dryer connections.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Near Macy’s skybridge
- Washer/dryer connection included
- Plumbing ready
401 Center St NE - 2nd Floor - Ste 2280
Retail suite with large open area, back storage, and bathroom. Located in the North building, near the skybridge and high-traffic areas.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Upper-level retail suite
- Water service connection
- Close to high traffic
401 Center St NE - 2nd Floor - Ste 2290
Small-format retail space equipped with water supply for boutique users.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Boutique retail format
- Water utility available
- Upper-level location
401 Center St NE - 2nd Floor - Ste 2291
Retail shell space in the food court with water. Ideal for food user.
- Lease rate does not include utilities, property expenses or building services
401 Center St NE - 2nd Floor - Ste 2292
Retail shell space in the North building food court area with water service
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Near food court hub
- Water service included
- Compact retail layout
401 Center St NE - 2nd Floor - Ste 281-5
Second-floor skybridge retail space featuring water access for plumbing needs and prominent visibility for foot traffic. Ideal for food use
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Second-floor skybridge location
- Water service available
- High pedestrian visibility
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Salem Center
- Tenant
- Description
- US Locations
- Reach
- American Eagle
- Unisex Apparel
- 898
- International
- Kathmandu to You
- Ladies' Apparel
- 1
- Local
- Kay Jewelers
- Jewelry/Watches
- 1,188
- National
- Ross Dress for Less
- Discount Store
- 2,175
- International
- Spencer's
- Card/Gifts
- 633
- International
- Victoria's Secret
- Ladies' Apparel
- 714
- International
| Tenant | Description | US Locations | Reach |
| American Eagle | Unisex Apparel | 898 | International |
| Kathmandu to You | Ladies' Apparel | 1 | Local |
| Kay Jewelers | Jewelry/Watches | 1,188 | National |
| Ross Dress for Less | Discount Store | 2,175 | International |
| Spencer's | Card/Gifts | 633 | International |
| Victoria's Secret | Ladies' Apparel | 714 | International |
Property Facts
| Total Space Available | 90,735 SF | Gross Leasable Area | 602,811 SF |
| Center Type | Regional Mall | Total Land Area | 13.52 AC |
| Parking | 5780 Spaces | Year Built | 1988 |
| Stores | 80 | Cross Streets | Liberty St & Center St & High St & |
| Center Properties | 6 |
| Total Space Available | 90,735 SF |
| Center Type | Regional Mall |
| Parking | 5780 Spaces |
| Stores | 80 |
| Center Properties | 6 |
| Gross Leasable Area | 602,811 SF |
| Total Land Area | 13.52 AC |
| Year Built | 1988 |
| Cross Streets | Liberty St & Center St & High St & |
About the Property
A recognized downtown landmark, Salem Center continues to be the central destination for downtown Salem's shopping, dining and community activity. Positioned in the heart of downtown Salem along Center Street, one of the city's primary corridors, the Salem Center benefits from consistent pedestrian activity driven by a dynamic mix of retail, dining and entertainment within the mall and surrounding areas. A prime retail location that benefits from excellent visibility. Salem Center is entering a new chapter focused on revitalization, reinvestment, and bringing renewed energy to the downtown core. Ongoing improvements and new development initiatives are creating fresh momentum throughout the property, positioning Salem Center as an evolving destination for shopping, dining, entertainment, and community activity. The renewed vision for the center is designed to attract a dynamic mix of businesses and create an energized environment that contributes to the continued growth and vibrancy of downtown Salem. Within walking distance of major anchors including the Oregon State Capitol, Willamette University, and the Salem Convention Center, bringing a steady daytime population of government employees, students, and visitors. The surrounding downtown core features a vibrant mix of local businesses, offices, and residential developments, supporting both daytime and evening traffic. With convenient access to major arterial routes including Commercial Street NE and Liberty Street NE, the location provides strong connectivity throughout the Salem metro area. On-site parking, nearby public garages, and pedestrian-friendly streets further enhance accessibility for customers and employees alike.
- Bus Line
- Food Court
- Pylon Sign
- Signage
- Signalized Intersection
- Kiosk/Cart Space
- Enclosed Mall
Nearby Major Retailers
Presented by
Salem Center | 401 Center St NE
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