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305 Liberty St NE
Salem, OR 97301 Downtown Salem

$2,961 - $13,041 USD/MO

Department Store For Lease  •  2,719+ SF

Property Details

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

9 Spaces Available

Name Space Use Size Rent Details
Bsmt Floor Ste 8 Retail 26,082 SF $6.00 USD/SF/YR 
The basement level offers up to 26,082 SF and can be demised to accommodate the right opportunity. Flexible layouts and customization options make it well-suited for a variety of uses requiring functional back-of-house, production, storage, or destination-style space.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 1A Retail 2,719 SF $15.00 USD/SF/YR 
First Floor exterior facing suite with excellent Liberty St frontage.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 1B Retail 3,923 SF $15.00 USD/SF/YR 
First floor inline suite

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 1C Retail 4,165 SF $15.00 USD/SF/YR 
First floor inline back suite

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 2 Retail 8,034 SF $15.00 USD/SF/YR 
First floor suite with Liberty Street frontage, large windows and great visibility

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 3 Retail 5,000 SF $15.00 USD/SF/YR 
First floor inline suite

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
2nd Floor Ste 5 Retail 2,961 SF $12.00 USD/SF/YR 
Second floor inline suite

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
2nd Floor Ste 6 Retail 10,740 SF $12.00 USD/SF/YR 
Second floor suite

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
2nd Floor Ste 7 Retail 2,978 SF $12.00 USD/SF/YR 
Second floor suite

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • 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 across three levels 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 1,733+ SF Spaces
Customizable Build-Outs

Property Flyers

Green Rating

EnergyStar Yes

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