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Listed by COREY CLARK • CENTURY 21 NORTH HOMES • 541-350-0690
$10,500,000
Est. payment /mo
41,472 SqFt
New
198 Commercial St SE SE Salem, OR 97301
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 41,472 sqft
Price per Sqft $253
MLS Listing ID 840891
Year Built 1956
Annual Tax Amount $87,745
Tax Year 2025
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Office
Property Description
Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, a solid 6.53% CAP, and over $2 million in recent renovations, blending historic character with modern upgrades. Anchored by A+ long term State of Oregon tenants, this is a rare opportunity to acquire a stable landmark asset in a prime Salem location!
Location
State OR
County Marion
Area 20 Central Salem
Interior
Heating Central AC, Forced Air, Heat Pump, Zonal
Building
Foundation Slab
Water City, Connected
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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