501 Marion St NE
Salem, OR 97301 Downtown Salem

$26,006 USD/MO

Movie Theatre For Lease • 37,152 SF

Property Details

Property Type Movie Theatre
Year Built 1988
Total Building Size 37,152 SF
Tenancy Single
Building Class C
Zoning CB

70 Transit Score

70 Walk Score

1 Space Available

Name

Space Use

Size

Rent

Details

1st Floor Ste

Retail

37,152 SF

$8.40 USD/SF/YR

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 in the heart of downtown Salem, 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. Consisting of 37,152 SF on its own parcel within the Salem Center district offering exceptional visibility, scale and infrastructure.

Date available: Now
Lease term: Negotiable
Service type: Triple Net
Built out as: Movie Theater
Space Type: Relet

Description

Positioned in the heart of downtown Salem, this premier commercial opportunity offers up to 37,152 SF of highly visible space with exceptional frontage and direct access to the city's business, government, and entertainment districts. Located adjacent to Salem Center and just blocks from the Oregon State Capitol, Riverfront Park, and numerous downtown amenities, the property benefits from strong pedestrian activity, excellent accessibility, and a central location within Oregon's capital city. The flexible floor plan, expansive interior spaces, existing commercial infrastructure, and significant utility capacity create opportunities for a wide range of uses including entertainment, fitness, retail, office, educational, event, hospitality, medical, and experiential concepts. The property's prominent downtown presence and adaptable layout allow tenants to create a customized environment suited to their operational needs. Downtown Salem continues to experience new investment, redevelopment, and growing activity, making this a unique opportunity to establish a presence within one of the region's most dynamic commercial districts. Large contiguous spaces, strong visibility, and a strategic location combine to offer a rare leasing opportunity in the Mid-Willamette Valley.

                
                    Highlights
                
                                Prime Downtown Salem Location
                            
                                Exceptional Frontage and Visibility
                            
                                Minutes from Oregon State Capitol & Riverfront Park
                            
                                Excellent for Entertainment, Fitness, Retail, Events and Hospitality
                            
                                Flexible Floor Plan for a Variety of Uses
                            
                                Parkade Parking with 1,400 Spaces