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246 State St
Salem, OR 97301 Downtown Salem

$1,045,000 USD

Storefront Retail Residential For Sale • 4,573 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 4,573 SF
Lot Size 0.12 AC
Building Class B
Year Built 1900
Tenancy Multiple
Zoning CB

59 Transit Score

75 Walk Score

                
                    Highlights
                
                                New roof in 2023
                            
                                Remodeled in 2019
                            
                                Ground-floor non-profit tenant is on a month-to-month lease
                            
                                Across from the Salem Riverfront Park and Amphitheater 
                            
                                Vacation Rentals generated north of $27,00 NOI in 2024 | As of July 2025, approximately $12,300 NOI
                            
                                Property tours are subject to an accepted offer

Property Flyers

Sale Brochure

Amenities

Corner Lot

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	-	1.2 mi

Shadya Jones 503-884-6281 Coldwell Banker Commercial Mountain West

246 State St Salem, OR 97301 Downtown Salem