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305 Liberty St NE
Salem, OR 97301 Downtown Salem

$6.00 - $15.00 USD/SF/YR

Department Store For Lease  •  4,330+ SF

Property Details

  • Property Type Department Store
  • Year Built 1964
  • Total Building Size 102,500 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning CB
61 Transit Score
84 Walk Score

3 Spaces Available

Name Space Use Size Rent Details
Bsmt Floor Ste Retail 4,330-5,810 SF $6.00 USD/SF/YR 
Suites from 4,330–5,810 SF that support functional, back-of-house, production, or destination-style layouts. Spaces can be combined to support larger footprints. The building includes a freight elevator and loading dock for efficient operations and build-outs.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Retail
  • Space Type: Relet
1st Floor Ste Retail 3,454-6,492 SF $15.00 USD/SF/YR 
Large-format opportunities from 3,454+SF. Ideal for retail, showroom, entertainment, or experiential uses offering visibility and flexible layouts.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Retail
  • Space Type: Relet
2nd Floor Ste Retail 1,733-5,730 SF $12.00 USD/SF/YR 
Flexible suites ranging 1,733–5,730+ SF, suited for creative, fitness, or service-oriented users seeking downtown visibility with adaptable layouts.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Retail
  • Space Type: Relet

Description 

A major redevelopment is underway at the former JC Penney building in the heart of downtown Salem, offering a rare opportunity for tenants to shape space to fit their specific vision and operational needs. This multi-story building with basement is being repositioned as a flexible, open-slate commercial project. With its central downtown location and customization potential, this project presents a unique opportunity for users seeking space that can be tailored to their brand, workflow, and long-term growth. A wide range of leasing options and a vision centered on energy, creativity and collaboration, this redevelopment offers a rare opportunity to be part of Salem's next chapter. Early interest is encouraged.

Highlights

Downtown Redevelopment at Former JC Penney Building
Prime Location at Signaled Intersection
Flexible Customization Across Three Levels
102,500 SF Divisible to 5,000+ SF Spaces
Customizable Build-Outs

Property Flyers

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants

Tenant SF Occupied Lease End Date
See's Candies

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.2 mi
AJ Nash 503-559-9279 Tradition Real Estate Partners
AJ Nash 503-559-9279 Tradition Real Estate Partners