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Restaurant at The Reed 189 Liberty St NE 3,150 SF of Retail Space Available in Salem, OR 97301
HIGHLIGHTS
- Prime location in downtown Salem
- Near Waterfront Park
- Multi-Tenant Building with 80 Businesses
- High Visibility with Heavy Foot Traffic
- Private Alley Access
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 111 | 3,150 SF | Negotiable | $34.20 CAD/SF/YR $2.85 CAD/SF/MO $107,730 CAD/YR $8,978 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 111
Ask About Lease Incentives Through 2025! Now available, this 3,150 sf restaurant space in the historic Reed Opera House combines classic charm with modern functionality in the heart of downtown Salem. The interior features wood flooring, a large open seating area with two skylights that bring in natural light, with an additional private dining room ideal for events or group gatherings. A built-in bar anchors the main space, while existing kitchen infrastructure with a hood system provides a strong foundation for food service operations. The space includes two bathrooms for customer convenience, along with private alley access. NNN estimated at $0.92/SF/Mo and include utilities.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- High Ceilings with Two Skylights
- Large Open Seating Area
- Kitchen Infrastructure with Hood
- Private Event Dining Room
- Built In Bar
- Two Restrooms
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 RESTAURANT AT THE REED
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Art Werks
- Business/Copy/Postal Services
- 1
- Local
- Blush Creative
- Services
- 1
- Local
- Cider Institute Of North America
- Insurance
- 1
- -
- Empowerment & Transformation Inc
- Health Care
- 1
- Local
- Hattawear
- Unisex Apparel
- 1
- Local
- SLAB Handcrafted Soap Company
- Manufacturing
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Art Werks | Business/Copy/Postal Services | 1 | Local |
| Blush Creative | Services | 1 | Local |
| Cider Institute Of North America | Insurance | 1 | - |
| Empowerment & Transformation Inc | Health Care | 1 | Local |
| Hattawear | Unisex Apparel | 1 | Local |
| SLAB Handcrafted Soap Company | Manufacturing | 1 | Local |
PROPERTY FACTS
| Total Space Available | 3,150 SF | Year Built | 1870 |
| Property Type | Retail | Cross Streets | court street NE |
| Gross Leasable Area | 40,242 SF |
| Total Space Available | 3,150 SF |
| Property Type | Retail |
| Gross Leasable Area | 40,242 SF |
| Year Built | 1870 |
| Cross Streets | court street NE |
ABOUT THE PROPERTY
Located in downtown Salem within the historic Reed Opera House, a multipurpose building, home to over 80 businesses which includes retail, restaurants, cafes, boutiques, personal and professional services as well as the Reed Ballroom event venue. It attracts more than 5,000 weekly pedestrian visits offering built-in traffic and visibility. The building features a blend of historic charm and character, with modern updates and restored architecture with a functional buildout. A mere two blocks east of Riverfront Park, the Reed is in a scenic and highly walkable area with both locals and tourists drawn to the waterfront and downtown events and amenities. Good visibility from both Liberty and Court Street with private alley access, or through the Reed's multiple points of entry, this space is well suited for a full-service restaurant, bar, or dining concept seeking a vibrant setting.
- Bus Line
- Property Manager on Site
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Skylights
NEARBY MAJOR RETAILERS
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Restaurant at The Reed | 189 Liberty St NE
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