Property Description
Own a piece of Salem’s history with this impressive 43,280 SF office building. Originally built in 1912, this historic property features 34 separate leasable units, offering ample space for a wide range of office-based businesses. Zoned CB, this property’s central location in the heart of Salem enhances its appeal, promising a strategic position for businesses seeking a premier office or retail space. With its rich architectural heritage and functional layout, this property presents an ideal opportunity for office building investors seeking a distinctive and versatile asset in the heart of Salem. With its rich history and vast square footage, The Oregon Building represents a rare and lucrative prospect for investors in the office sector. Don’t miss the chance to make your mark in this vibrant and evolving market.
Location Description
In the heart of downtown Salem, on the southwest corner of High Street and State Street
Highlights
- In Place Cap Rate of 6.0+%
- Stated Cap Rate is Proforma Upon 95% Occupancy
- 43,280 SF historic building
- 34 Separate Leasable Units
- Zoned CB – Commercial Business
- Prime location on a Signaled Intersection
- Rich in Historic Character and Charm
- Versatile Layout for Various Office Configurations
- In Proximity to a Variety of Amenities and Restaurants
