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Investment Highlights

  • Three-story multi-tenant office building
  • Ample parking on 1.15 acre site

Executive Summary

Office investment property offered at appraised value, a 6.5% cap rate. The three-story, multitenant 27,748 SF office building provides a professionally managed range of suite sizes and configurations for professional office users. The property includes ample on-site parking on 1.15 acre with access from both Commercial Street and Saginaw Street and is zoned Mixed-Use I. Contact team@hancockre.com to review rent roll and further financial information.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
27,748 SF
Building Class
B
Year Built
1998
Price
$6,100,000
Price Per SF
$219.84
Percent Leased
70%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,000 SF
Building FAR
1.13
Lot Size
0.56 AC
Zoning
MU-I - Mixed Use - l
Parking
106 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Skylights
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

LHC Group began in 1994 as a single home health agency in Louisiana with a community service mission. The company now offers in-home healthcare services including skilled nursing and therapy. Their hospice segment provides end-of-life care and bereavement support. LHC Group also offers community-based assistance with daily activities and transportation. They partner with hospitals to manage patient transitions from acute to post-acute care settings.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Healing Hands Clinic of Natural Therapies is a clinic where all of the elements of alternative medicine have come together for a common purpose. We recognize and understand the tremendous value alternative medicine has to offer. By having practitioners working together in the same clinic, we have a better understanding of what other practitioners are able to treat and how they treat each condition. This allows us to make much more accurate referrals and understand what each patient needs.

  • Heppner Chiropractic
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Interpath Lab
  • -
  • -
  • $22.80
  • Full Service
  • Sep 2026
  • Real Estate
  • -
  • -
  • Triple Net
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Full Service
  • Jun 2020

Dedicated to providing our clients with excellent legal and customer service, Litowich Law believes that giving good service to others means being integral, kind, and diligent in all that they do. They respect their clients and themselves and value self care. The practice lives in the cloud so that employees can live and practice at home, in the office, or on a beach. Living and practicing this way gives Litowich Law the energy and motivation needed to give clients the attention and focus they deserve.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

My Hearing Centers was started by entrepreneurs in Sandy, Utah in 2010 with the goal of bringing a fresh approach to hearing education and hearing care. Since then, My Hearing Centers has grown to over 100 offices in several states and continues to grow faster than any practice in the Western United States. They hope their growth is a sign that they are doing things right! My Hearing Centers is comprised of seasoned industry professionals. Despite their growth, they recognize that they must maintain the local touch in each of their offices. Their local care givers are dedicated, career hearing care providers who care deeply about the changes they bring to their patients.

  • Health Care and Social Assistance
  • -
  • $24.34
  • Full Service
  • -

Northwest Renal Clinic (NWRC) is Oregon’s leading nephrology practice, dedicated to providing exceptional care for patients with kidney disease across multiple communities in the greater Northwest region. With a network of offices, outreach clinics, and hospital partnerships, NWRC offers comprehensive diagnostic, therapeutic, and preventive services tailored to each patient’s needs. Their physicians manage dialysis treatments and provide expert consultation for chronic kidney disease, hypertension, transplantation, and vascular access. The clinic also emphasizes patient education as a vital part of long-term kidney health. Supported by a skilled team of physicians, nurse practitioners, physician assistants, and staff, NWRC is committed to delivering compassionate, expert care and looks forward to being a trusted part of every patient’s healthcare journey.

  • Administrative and Support Services
  • -
  • -
  • -
  • -

For over 25 years, the mission of The Stoller Group and Express Employment Professionals has been to help people find jobs and help businesses find the people and human resource services they need. They accomplish this mission through a network of nearly 600 employment agencies in the United States, Canada, South Africa, and Australia. Each Express office is locally owned and operated and backed by the expertise and support of an international headquarters. Simply put, Express is large enough to meet your needs, yet small enough to care.

  • Information
  • -
  • -
  • Full Service
  • -

USA Today Co. is a publicly traded media company operating national and local news, digital publishing, and marketing services businesses. The company was founded in 1906 by Frank Gannett and operated for more than a century as Gannett Company before rebranding as USA Today Co. in November 2025. The company is listed on the New York Stock Exchange under the ticker symbol TDAY. USA Today Co. owns and operates the USA TODAY Network, which includes the national newspaper USA Today and hundreds of local newspapers and digital media outlets across the United States. Its portfolio also includes Newsquest, a United Kingdom-based publisher, LocaliQ, a digital marketing solutions platform, and USA TODAY Network Ventures, which manages events and experiential marketing initiatives. The company delivers journalism, advertising, and digital services to consumers and businesses across multiple platforms. Its operations are supported by regional hubs and local offices, including an operating presence in Nashville, Tennessee, which supports news, sales, and business functions tied to its regional media properties.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - - -
Health Care and Social Assistance - - - -
Heppner Chiropractic Health Care and Social Assistance - - - -
Interpath Lab - - $22.80 Full Service Sep 2026
Real Estate - - Triple Net -
Professional, Scientific, and Technical Services - - Full Service Jun 2020
Health Care and Social Assistance - - - -
Health Care and Social Assistance - $24.34 Full Service -
Administrative and Support Services - - - -
Information - - Full Service -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Fl-Ste 230
  • 592 SF
  • Office
  • Full Build-Out
  • Now

Suite includes second floor entrance, two private offices and shared kitchenette space.

  • 2nd Fl-Ste 240
  • 1,445 SF
  • Office
  • Full Build-Out
  • Now

Suite includes second floor entrance, one private office and open work space with sink.

  • 3rd Fl-Ste 310
  • 2,714 SF
  • Office/Medical
  • -
  • Now
  • 3rd Fl-Ste 320
  • 3,470 SF
  • Office
  • Full Build-Out
  • Now

Suite includes third story entrance, enclosed reception with lobby, kitchenette, private restrooms and numerous private offices/treatment rooms.

Space Size Space Use Build-Out Available
2nd Fl-Ste 230 592 SF Office Full Build-Out Now
2nd Fl-Ste 240 1,445 SF Office Full Build-Out Now
3rd Fl-Ste 310 2,714 SF Office/Medical - Now
3rd Fl-Ste 320 3,470 SF Office Full Build-Out Now

2nd Fl-Ste 230

Size
592 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 240

Size
1,445 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

3rd Fl-Ste 310

Size
2,714 SF
Space Use
Office/Medical
Build-Out
-
Available
Now

3rd Fl-Ste 320

Size
3,470 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 230

Size 592 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Suite includes second floor entrance, two private offices and shared kitchenette space.

2nd Fl-Ste 240

Size 1,445 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Suite includes second floor entrance, one private office and open work space with sink.

3rd Fl-Ste 320

Size 3,470 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Suite includes third story entrance, enclosed reception with lobby, kitchenette, private restrooms and numerous private offices/treatment rooms.

Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
527629
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,757,380
  • Listing ID: 40882262

  • Date on Market: 6/11/2026

  • Last Updated:

  • Address: 925-935 Commercial St SE, Salem, OR 97302

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