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300-390 Liberty St SE 61,521 SF 100% Leased Retail Building Salem, OR 97301 $8,305,724 CAD ($135.01 CAD/SF) 7.29% Cap Rate

Mixed Use Properties Oregon Salem 300-390 Liberty St SE, Salem, OR 97301

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INVESTMENT HIGHLIGHTS

  • 61,521 Total Building SF
  • Building B 19,699 SF
  • Building D 4,736
  • Building A 16,908 SF
  • Building C 20,178 SF
  • 22 units

EXECUTIVE SUMMARY

Situated in the heart of downtown Salem, the Pringle Park Plaza property offers a strategic location surrounded by a diverse mix of dining, retail, office, and entertainment options. Its close proximity to popular attractions, including the Oregon State Capitol, Willamette University, Bush Park, and Pringle Park, enhances its appeal for potential retail and office investors. With convenient access to major transportation routes, this asset continues to present an attractive proposition for property owners seeking a well-positioned investment in Salem's bustling market.
This downtown Salem property presents a compelling investment opportunity with a total building area of 61,521 SF (52,845 SF NRA) across 22 units in 4 buildings. The fact that it's zoned Central Business District in the heart of Salem and is sitting at full occupancy, puts the property in a position as a highly desirable asset for retail and/or office investors. The property is at 99% occupancy with substantial upside in rents, making this an investment with tremendous upside potential.

ATTACHMENTS

Pringle Park Plaza OM 11.19.25

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
61,521 SF
Building Class
B
Year Built
1977
Price
$8,305,724 CAD
Price Per SF
$135.01 CAD
Cap Rate
7.29%
NOI
$605,392 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.54
Lot Size
2.62 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CB - CBD - Central Business District
Parking
30 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
197’ on Liberty St

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Chira's Restaurant
  • Accommodation and Food Services
  • -
  • -
  • -
  • Jul 2030
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Lash Vibes
  • Wholesaler
  • -
  • -
  • -
  • -
  • Little Cannoli Bakery
  • Accommodation and Food Services
  • -
  • -
  • -
  • Oct 2027
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

At Marco Polo, we strive for excellence in customer satisfaction and in providing a fresh variety of healthy food options. We offer a delicious array of Asian, European, Vegetarian/Vegan and Gluten Free as well as cater to individual dietary needs. Our family-friendly environment and made to order dishes have proven to be a favorite since 2001.

  • Services
  • -
  • -
  • Modified Gross
  • -

The vision of the Salem Multicultural Institute and the purpose of the World Beat Festival and World Beat Gallery are to create an environment of openness for all people. In all their activities, SMI aims to be family-friendly, economically inclusive, and culturally authentic. They believe that the key to establishing Salem and Oregon as a culturally rich and welcoming place is broad-based community involvement. Their operating philosophy has remained intact from the beginning: They all have something to learn from one another, and they all have something to teach.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Chira's Restaurant Accommodation and Food Services - - - Jul 2030
Health Care and Social Assistance - - - -
Lash Vibes Wholesaler - - - -
Little Cannoli Bakery Accommodation and Food Services - - - Oct 2027
Accommodation and Food Services - - - -
Services - - Modified Gross -

LINKS

1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Starbucks
KeyBank
Wells Fargo Home Mortgage
Columbia Bank
Bank of America
Dutch Bros
barre3
U.S. Bank
Ram International
Safeway

PROPERTY TAXES

Parcel Numbers
Multiple
  • 589105
  • 589098
  • 589107
  • 589099
 Improvements Assessment $8,910,464 CAD
Land Assessment $3,242,108 CAD Total Assessment $14,644,203 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 589105
  • 589098
  • 589107
  • 589099
Land Assessment
$3,242,108 CAD
Improvements Assessment
$8,910,464 CAD
Total Assessment
$14,644,203 CAD
(503) 588-4146

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 37593710

  • Date on Market: 2025-09-08

  • Last Updated:

  • Address: 300-390 Liberty St SE, Salem, OR 97301

The Downtown Salem Retail Property at 300-390 Liberty St SE, Salem, OR 97301 is currently available. Contact SVN | Commercial Advisors, LLC for more information.

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300-390 Liberty St SE
(503) 588-4146 x

300-390 Liberty St SE

Curt Arthur, SIOR
(503) 588-4146

Nick Williams, CCIM
(503) 400-7851

Toran Schmidgall
(503) 588-0400

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