JUST LISTED

PROPERTY OVERVIEW:
Unlock the potential of this two-story, elevator-served, professional office building
centrally located in the heart of Salem’s thriving Commercial Street corridor. This property presents a unique opportunity for a professional office user to own and occupy all or a portion of this versatile building while leveraging the property’s prime location, strong street presence, great parking and flexible Mixed-Use II zoning.

Located south of downtown at the corner of Commercial Street SE and Washington, the one-acre lot has excellent parking for employees and clients. With a short one mile distance to the Downtown Central Business District and only blocks from Bush Pasture Park, this site is ideal for many professional office users.

The building has great bones with numerous conference rooms, a large lunchroom,
executive-sized offices with windows and features the ability to highlight two main
entrances, allowing the ability to demise for multiple users. The property may present a great opportunity for an adaptive reuse project given the permitted uses within the zoning.

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FEATURED LISTING

PROPERTY OVERVIEW:
Two-building, retail strip center with seven tenants and one 4,200SF vacancy located
across the street from Fred Meyer and less than ½ mile from the Market Street
Interchange on Interstate 5 now for sale for the first time in 20 years. The exterior of the building was completely remodeled in 2019 to include new landscaping, façade and pylon signage.

The current income of the property provides for a capitalization rate of 6.78% using the 2024 actual operating expenses and proforma income for the vacancy.

Seller is willing to consider carrying the debt and/or guaranty the income for the vacant suite at closing for qualified purchase terms.

LEASE OVERVIEW:
4,200 SF remaining in this completely remodeled retail center that is located across Lancaster Drive from Fred Meyer. This property is located in the most concentrated retail area in the Lancaster Drive corridor, less than ½ mile from Willamette Town Center.

SPACE AVAILABLE: 4,200 SF
LEASE RATE: $21/SF/YR, NNN
NNN ESTIMATE: $4.75/SF ANNUALLY
ZONING: MU-III

Have questions? Click here to learn more about the SALE listing. 

Have questions? Click here to learn more about the LEASE listing.

RECENT CLOSING

TENANT OVERVIEW
TruxGuard’s Keizer lot is a spacious, secure facility designed for large trucks, trailers, and industrial outdoor storage. Conveniently located just off the Lockhaven Dr N truck route and I-5, it’s perfect for fleets, equipment storage, and short- or long-term parking needs. The lot is fully fenced, gated, and monitored 24/7 to ensure safety and peace of mind. We offer flexible terms and work closely with brokers, fleets, and businesses looking for reliable space in the Salem area.

MARKET INSIGHT

COMMUNITY SPOTLIGHT

Ironman 70.3 Oregon came to Salem on July 20, bringing thousands of athletes, spectators, and volunteers to town over the weekend. The influx of visitors filled hotels, restaurants, and shops, while also boosting demand for local services. Many downtown businesses reported record sales as race participants and their families explored Salem before and after the event. The race is set to be held each summer in Salem through 2028 and brings an estimated $11 million in annual economic impact to the city—making it not only a premier athletic event but also a powerful driver of tourism, job creation, and community vitality.

Three members of the FCRE team (Josh Kay, Tanner Morgan and Conrad Venti) participated in the event for the first time, forging a strong bond of brotherhood through training for this grueling event, and celebrated completing this amazing event together!