Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

937 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Salem Center Movieland 501 Marion St NE 37,152 SF Retail Building Salem, OR 97301 $5,491,566 CAD ($147.81 CAD/SF)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Rare downtown Salem redevelopment opportunity with high visibility and frontage
Existing commercial kitchen and utility infrastructure ready for reuse.
Convenient access to Highway 22 and I-5 for regional connectivity.

Flexible layout with seven auditoriums, lobby areas, and bar in place.
Situated steps from Oregon State Capitol and Salem Center retail core.

Executive Summary

Located at 501 Marion Street NE in downtown Salem, the former Cinebarre Theatre property offers a unique investment and redevelopment opportunity in Oregon’s capital city. This 37,152-square-foot building sits on a one-acre parcel within the Salem Center district, providing unmatched visibility and scale in a prime urban setting. Previously operated as a luxury dine-in cinema, the property includes an adaptable layout of seven auditoriums, expansive lobby space, commercial kitchen infrastructure, and bar areas, all of which support multiple commercial uses. With its strong existing utility capacity and flexible configuration, the asset is ideal for creative reuse or multi-tenant strategies across sectors such as entertainment, fitness, hospitality, office, or mixed-use development. Positioned near the Oregon State Capitol, Riverfront Park, and major transportation corridors, Salem Theatre combines exceptional access with proximity to government, business, and cultural hubs, making it a compelling choice for investors seeking long-term value.

501 Marion St NE - Flyer 6.2.26

Property Facts

Sale Type

Owner User

Property Type

Retail

Property Subtype

Movie Theatre

Building Size

37,152 SF

Building Class

Year Built

1988

Price

$5,491,566 CAD

Price Per SF

$147.81 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.86

Lot Size

0.99 AC

Opportunity Zone

Yes

Zoning

Parking

80 Spaces (1.81 Spaces per 1,000 SF Leased)

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
37,152 SF
Retail
-
30 Days

Positioned in the heart of downtown Salem, the former Cinebarre theatre is a rare opportunity to acquire a high-profile commercial property with exceptional redevelopment and repositioning potential. The property consists of approximately 37,152 SF on its own parcel within the Salem Center district and offers exceptional visibility, scale, and infrastructure in the heart of Oregon’s capital city. Formerly operated as a luxury dine-in movie theater, the property features existing auditorium space, lobby areas, kitchen infrastructure, and utility capacity suitable for a wide range of future commercial uses. Located just blocks from the Oregon State Capitol, Riverfront Park, and downtown amenities, the property presents a unique opportunity for investors, developers, and owner-users seeking a signature downtown asset with long-term upside.