1230 State Events & Catering Center

For Sale

1230 State St, Salem, OR 97301

This Salem property for sale is located at 1230 State St. The current listed sale price for 1230 State Events & Catering Center is $1,900,000. 1230 State Events & Catering Center is situated on a lot that is 0.16 acre in size.

Contacts

broker

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 Oct 29, 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

Attachments

Getting around

  • 88/100

    Walk Score ®

  • 58/100

    Transit Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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.

Contact Listing Broker

broker

Nick Williams

SVN | Commercial Advisors