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Creative Retail / Office Space 120 Commercial St NE 1,118 SF of Office/Retail Space Available in Salem, OR 97301
HIGHLIGHTS
- Downtown Salem Space
- Second Floor Retail or Office
- Elevator Access
- Great Signage and Visibility
- CB Zone Property
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste D4 | 1,118 SF | Negotiable | $40.54 CAD/SF/YR $3.38 CAD/SF/MO $45,321 CAD/YR $3,777 CAD/MO | Triple Net (NNN) |
2nd Floor, Ste D4
Suite D4 is a sophisticated commercial space with a modern flare and historic feel located in thriving downtown Salem above the Masonry Grill on the second floor. Offering 1,118 SF of move-in ready open floor plan space complete with high ceilings, hardwood flooring and an abundance of natural light. Elevator served, or enjoy a private staircase entrance off Commercial Street.
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 3 - 9 People
- Space is in Excellent Condition
- Abundant Natural Light
- High Ceilings
- 1,118 SF Available
- Move-In Ready
- Second Floor Suite
- Private Entrance of Commercial Street
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.
PROPERTY FACTS
| Total Space Available | 1,118 SF | Gross Leasable Area | 22,922 SF |
| Property Type | Retail | Year Built/Renovated | 1870/2019 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3.37/1,000 SF |
| Total Space Available | 1,118 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 22,922 SF |
| Year Built/Renovated | 1870/2019 |
| Parking Ratio | 3.37/1,000 SF |
ABOUT THE PROPERTY
120 Commercial St NE is located in thriving downtown Salem. This CB Zone property provides versatility for various business concepts, ensuring maximum impact with a vibrant and inviting atmosphere. Retail or creative office use. Grab attention in a high traffic area of Salem.
- Bus Line
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Creative Retail / Office Space | 120 Commercial St NE
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