Sale, Joint Venture

For Sale

217 State St & 140 Front St, Salem, OR 97301

This Salem property for sale is located at 217 State St & 140 Front St. The current listed sale price for Sale, Joint Venture is $2,495,000. Sale, Joint Venture is situated on a lot that is 0.31 acre in size.

Contacts

broker

Alvin J. Nash

Tradition Real Estate Partners

Property Details

  • Property Type Retail - Street Retail
  • Property Size 25,126 SF
  • Lot Size 0.31 Acre
  • Additional Rent Contact for pricing
  • Year Built 1912
  • Date Updated Nov 16, 2024
217 State Street, combined with 140 Front Street. Directly across from the Riverfront park on the corner of State and Front Street in Salem. One block west of Commercial.The Historic Furlong Building is Now Available sale or a joint venture. An exciting downtown Salem location perfectly positioned on the signaled intersection of a CB - Central Business District zoned area of high visibility and high traffic counts. Directly overlooking the 26 acre Riverfront Park, the Salem Carousel and the new amphitheater, presenting a unique opportunity to tap into a thriving commercial hub, capturing exposure to local families and events at the park. This lot contains two buildings, a single and double story building with a total of 25,126 SF with a parking garage on the second floor. Don't miss the chance to establish yourself in this sought-after retail center.The Historic Furlong Building is Now Available for Lease. 7,075 SF of open floor plan warehouse space in a highly visible location with a ton of front windows and natural light, and a private bathroom, ideal for retail use. An exciting downtown Salem location perfectly positioned on the signaled intersection of a CB - Central Business District zoned area of high visibility and high traffic counts. Directly across the street from the Riverfront Park, the Salem Carousel and the new amphitheater, presenting a unique opportunity to tap into a thriving commercial hub, capturing exposure to local families and events at the park. Don't miss the change to establish yourself in this sought-after retail center.

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Highlights

  • 217 State & 140 Front - $2,495,000
  • Two Buildings with 25,126 SF
  • High Visibility Location
  • Signaled Intersection
  • CB Zoned Property
  • Up to $699,000 in Urban Renewal Grant Funds
  • 20% Historic Tax Credit
  • Qualified Opportunity Zone (QOZ)
  • Across from Riverfront Park
  • Private Upper Level Parking Garage

Attachments

Getting around

  • 74/100

    Walk Score ®

  • 60/100

    Transit Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.89 miles

  • Brooks Historical Society Depot

    8.30 miles

  • Hopmere Station

    8.39 miles

  • Blink

    0.14 miles

  • Arco Gas Station

    0.56 miles

  • ChargePoint

    0.62 miles

  • Circle K

    0.62 miles

  • Pacific Pride

    0.63 miles

  • Space Age

    0.83 miles

  • Arco

    1.14 miles

  • Shell

    1.16 miles

  • 76

    1.24 miles

  • Chevron

    1.54 miles

  • Riverfront Park (South Lot)

    0.10 miles

  • Liberty Square Parkade

    0.16 miles

  • Riverfront Park (North Lot)

    0.16 miles

  • Chemeketa Parkade

    0.18 miles

  • Pringle Parkade

    0.31 miles

  • Marion Parkade

    0.40 miles

  • Salem Library Parkade

    0.46 miles

  • Reserved Lot A

    0.48 miles

  • Permit Parking

    0.54 miles

  • M Lot

    0.57 miles

  • Honey & Co.

    0.06 miles

  • Azul's Taco House

    0.08 miles

  • Masonry Grill

    0.08 miles

  • Chira's Restaurant And Catering

    0.13 miles

  • Wild Pear

    0.14 miles

  • Court Street Dairy Lunch

    0.14 miles

  • W. Wallace

    0.14 miles

  • Precious Pizza

    0.14 miles

  • Bigwig Donuts

    0.14 miles

  • Amadeus

    0.14 miles

  • Reed Opera House

    0.14 miles

  • Salem Center (South)

    0.27 miles

  • Ross

    0.30 miles

  • Pringle Park Plaza

    0.31 miles

  • Salem Center (North)

    0.33 miles

  • Kohl's

    0.36 miles

  • Macy's

    0.38 miles

  • Grocery Outlet

    0.64 miles

  • Roth's

    0.78 miles

  • Safeway

    0.85 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

Alvin J. Nash

Tradition Real Estate Partners