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300-390 Liberty St SE 61,521 SF 100% Leased Retail Building Salem, OR 97301 $8,117,228 CAD ($131.94 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.

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
$8,117,228 CAD
Price Per SF
$131.94 CAD
Cap Rate
7.29%
NOI
$591,652 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
  • -
  • -
  • -
  • -

Chez Marco Polo, nous visons l'excellence dans la satisfaction de la clientèle et dans la fourniture d'une variété fraîche d'options alimentaires saines. Nous offrons une délicieuse gamme de produits asiatiques, européens, végétariens/végétaliens et sans gluten, en plus de répondre aux besoins alimentaires individuels. Notre environnement familial et nos plats préparés sur commande se sont avérés être un favori depuis 2001.

  • Services
  • -
  • -
  • Modified Gross
  • -

La vision du Salem Multicultural Institute et le but du World Beat Festival et de la World Beat Gallery sont de créer un environnement ouvert pour tous. Dans toutes ses activités, SMI vise à être favorable à la famille, à être économiquement inclusive et culturellement authentique. Ils croient que la clé pour faire de Salem et de l'Oregon un endroit culturellement riche et accueillant est la participation communautaire élargie. Leur philosophie de fonctionnement est restée intacte depuis le début : ils ont tous quelque chose à apprendre les uns des autres et ils ont tous quelque chose à enseigner.

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
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Source: Local Logic®

Nearby Major Retailers

Starbucks
KeyBank
Wells Fargo Home Mortgage
Columbia Bank
Bank of America
U.S. Bank
barre3
Safeway
CrossFit
Snap Fitness

Property Taxes

Parcel Numbers
Multiple
  • 589105
  • 589098
  • 589107
  • 589099
 Improvements Assessment $8,665,746 CAD
Land Assessment $3,153,067 CAD Total Assessment $14,242,013 CAD

Property Taxes

Parcel Numbers
Multiple
  • 589105
  • 589098
  • 589107
  • 589099
Land Assessment
$3,153,067 CAD
Improvements Assessment
$8,665,746 CAD
Total Assessment
$14,242,013 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 Capacity Commercial Group LLC for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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

300-390 Liberty St SE

Curt Arthur, SIOR
(503) 588-4146

Toran Schmidgall
(503) 932-1969

Nick Williams, CCIM
(503) 569-4449

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