Commercial for Sale, Other Commercial Property 198 Commercial Street SE, Salem, Oregon 97301, USA

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Commercial For Sale: USA Oregon Salem 198 Commercial Street SE

NEWLY LISTED

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$10,500,000 USD

198 Commercial Street SE
Salem, Oregon 97301
USA

3,852.749 m² :: 41,472 sqft

Commercial for Sale, Other Commercial Property

Land size: 0.19 ha :: 0.46 acres

Sale price per sqm: 2,725.24

Tax: 87,744.6 USD

CENTURY 21 North Homes Realty
2421 South Highway 97
Redmond, Oregon 97756, United States
Phone: 5415482131

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Remarks:

Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of downtown directly across from the Salem Convention Center & the nearly new Holman Hotel. Located just 1 block from the Willamette River, this property sits within the premier Central Salem Core Business District on one of the highest-trafficked corners in the city. The building has undergone over $2 million in recent renovations, blending historic character w/ modern upgrades. It is anchored by A+ core, long-term tenants secured by strong stable leases through 2032 with extension options--100% occupancy provides reliable income and investment security. Additional highlights include excellent parking options, with convenient access to the adjacent parking structure via a connected land bridge, enhancing tenant & visitor accessibility. Offered at a solid 6.7% cap rate, this is a rare opportunity to acquire a landmark asset in one of Salem's most desirable commercial location

Features:

Year Built: 1956
Construction: Concrete/Block
Property Features: Elevators
Floors: Wall to wall carpeting, Tile
Security Features: Smoke Detector
Utilities: City water, Public Sewer
Heating System: Forced Air, Zoned, Heat Pump
Cooling System: Central AC, Zoned
Lot Description: Corner Lot, Level
Roofing: Rubber
Garage Description: Attached Garage

Location:

198 Commercial Street SE, Salem, Oregon 97301, USA

Listed By CENTURY 21 North Homes Realty

The Commercial for Sale, Other Commercial Property located at 198 Commercial Street SE, Salem, Oregon 97301, USA is currently for sale. 198 Commercial Street SE, Salem, Oregon 97301, USA is listed for $10,500,000 USD. This property has 41,472 sqft. If the property located at 198 Commercial Street SE, Salem, Oregon 97301, USA isn't what you're looking for, search Oregon Real Estate to see other Commercial For Sale in Salem.

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