Contacts

Nick Williams

SVN | Commercial Advisors

Property Details

Property Type Retail - Restaurant
Property Size 5,880 SF
Units 1
Lot Size 0.16 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Year Built 1928
Year Renovated 2023
Date Updated Dec 12, 2024

The subject property is a versatile 5,880-square-foot space, zoned MU-I, currently operating as a restaurant and event venue. Strategically located on State Street, it benefits from being within walking distance of three of the largest employers in the Salem MSA—Willamette University, Salem Health, and the Oregon State Capitol Mall. The surrounding area is home to well-established and thriving businesses in the hospitality sector, enhancing its appeal and long-term potential.Introducing 1230 State St, a prime investment opportunity for retail and restaurant ventures. This historic 5,880 SF property, built in 1928 and fully renovated in 2023, presents a compelling combination of vintage charm and modern amenities. Zoned MU-I, it offers versatile potential in Salem's thriving area. With a single unit, this property provides an ideal canvas for a unique establishment. The full interior renovation offers a turnkey solution for savvy investors, while its proximity to significant employers ensures a growing buyer pool. With interest rates easing, now is the time to seize this exceptional commercial venture.

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Highlights

Full interior renovation completed in 2023
Close proximity to substantial employers
Buyer pool is growing with diminishing pressure on interest rates

Getting around

88/100
Walk Score ®
58/100
Transit Score ®
81/100
Bike Score ®

Powered by Walk Score ®

City Salem, OR
Neighborhood Southeast Salem
Zip Code 97301
Market Eugene

Points of Interest

Salem

0.30 miles
Brooks Historical Society Depot

8.35 miles
Hopmere Station

8.44 miles

ChargePoint

0.13 miles
Blink

0.15 miles
Arco

0.35 miles
Pacific Pride

0.60 miles
Shell

0.67 miles
Arco Gas Station

0.89 miles
City of Salem Fuel Island

1.05 miles
76

1.09 miles
Circle K

1.39 miles

E Lot

0.33 miles
Visitor Parking

0.34 miles
Reserved Lot A

0.38 miles
Permit Parking

0.40 miles
Staff Parking

0.43 miles
Patient Visitor Parking Garage

0.45 miles
Green Lot - Dept of Admin Services

0.47 miles
B Lot

0.49 miles
M Lot

0.59 miles
Pringle Parkade

0.61 miles

Cuisine India

0.01 miles
Adam's Rib Smoke House

0.02 miles
Bearwolf Catering and PNW Deli

0.06 miles
Al Aqsa

0.07 miles
Indian Masala

0.13 miles
Taproot Old Mill Cafe

0.15 miles
McDonald's

0.26 miles
King Donuts

0.32 miles
Word of Mouth Bistro

0.35 miles
Happy BiBiM Bap House

0.47 miles

Safeway

0.31 miles
Macy's

0.60 miles
Pringle Park Plaza

0.61 miles
Salem Center (South)

0.64 miles
Salem Center (North)

0.66 miles
Kohl's

0.66 miles
Reed Opera House

0.67 miles
Ross

0.68 miles
Grocery Outlet

1.01 miles
Roth's

1.49 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.