Prime Downtown Retail Location

For Lease

240-248 Commercial St NE, Salem, OR 97301

You can currently find 2 retail space(s) available for lease at Prime Downtown Retail Location. Designated use type for space listed here includes retail. Current retail listings at this property total 3,347 square feet. Lease type options include NNN and Modified Gross. Expand the listing and property details below for additional information on leasing opportunities at Prime Downtown Retail Location.

Space Available For Lease 2

Contacts

broker

Alvin J. Nash

Tradition Real Estate Partners

Property Details

  • Property Type Retail - Street Retail
  • Property Size 6,797 SF
  • Lot Size 0.12 Acre
  • Additional Rent Contact for pricing
  • Year Built 1889
  • Date Updated Nov 16, 2024
Located on Commercial Street NE, one block south of Court Street in Salem.Prime downtown retail space available for Sale and Lease. 240 Commercial Street is 6,797 SF of prime retail space, sitting on 0.12 acres of CB Zoned property. Located on busy Commercial St in NE Salem, one block south of Court street. This location boasts high traffic and visibility, within walking distance to the Riverfront park, restaurants and retailers. This retail building includes two floors, 3,850 SF of fully leased space on the first floor and 2,947 SF on the second floor. Highly sought after private parking located in the back, with plentiful street and parkade parking. Contact Listing Broker for additional information.Downtown second floor retail space available for lease. 248 Commercial Street is 2,947 SF of second floor retail space, This second floor retail space has large open areas, private rooms and a kitchen, with great natural lighting. 240-B is a single office space available on the first floor, approximately 400 SF with common area restroom, located on the main level with alley access and comes with a private double parking spot. Located on busy Commercial St in NE Salem, one block south of Court street. This location boasts high traffic, within walking distance to the Riverfront park, restaurants and retailers. This second floor retail space has large open areas, private rooms and a kitchen, with great natural lighting, and plentiful street and parkade parking next door. Contact Listing Broker for additional information.

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Highlights

  • High Visibility Location Downtown
  • 2,947 SF - Second Floor
  • $0.68/SF/NNN
  • 240-B: $950/Mo/MG
  • 0.12 Acres of CB Zoned Property
  • Private and Public Parking
  • Near Riverfront Park
  • Restaurants & Retailers Nearby

Attachments

Getting around

  • 79/100

    Walk Score ®

  • 61/100

    Transit Score ®

  • 89/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Salem

    0.85 miles

  • Brooks Historical Society Depot

    8.20 miles

  • Hopmere Station

    8.28 miles

  • Blink

    0.04 miles

  • ChargePoint

    0.49 miles

  • Arco Gas Station

    0.66 miles

  • Circle K

    0.68 miles

  • Pacific Pride

    0.69 miles

  • Space Age

    0.87 miles

  • Arco

    1.05 miles

  • 76

    1.10 miles

  • Shell

    1.15 miles

  • Chevron

    1.62 miles

  • Chemeketa Parkade

    0.05 miles

  • Riverfront Park (North Lot)

    0.17 miles

  • Liberty Square Parkade

    0.18 miles

  • Riverfront Park (South Lot)

    0.24 miles

  • Marion Parkade

    0.26 miles

  • Pringle Parkade

    0.35 miles

  • Reserved Lot A

    0.45 miles

  • Green Lot - Dept of Admin Services

    0.51 miles

  • Permit Parking

    0.53 miles

  • Salem Library Parkade

    0.54 miles

  • Court Street Dairy Lunch

    0.03 miles

  • Rudy's Steakhouse

    0.03 miles

  • India Palace

    0.04 miles

  • Straight From New York Pizza (Downtown)

    0.04 miles

  • Precious Pizza

    0.06 miles

  • Chira's Restaurant And Catering

    0.06 miles

  • 503 Sushi Bar

    0.07 miles

  • Thai Orchid Restaurant

    0.07 miles

  • Chronic Tacos

    0.07 miles

  • Honey & Co.

    0.08 miles

  • Reed Opera House

    0.06 miles

  • Salem Center (South)

    0.13 miles

  • Ross

    0.16 miles

  • Salem Center (North)

    0.19 miles

  • Kohl's

    0.22 miles

  • Macy's

    0.24 miles

  • Pringle Park Plaza

    0.35 miles

  • Grocery Outlet

    0.54 miles

  • Safeway

    0.73 miles

  • Roth's

    0.80 miles

240-248 Commercial St NE Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    240-248 Commercial St NE is located in Central Salem, which is home to a total of 38 listing(s). Retail space at Prime Downtown Retail Location asks $479.08/SF/YR per square foot.

  • The property includes 3,347 square feet of retail space for lease. Of this total, 3,347 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN, Modified Gross.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Central Salem is 34. The average household income here is $53,113 per year.

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

  1. 1Main information
  2. 2Extra information