The Oregon Building

For Lease

494 State Street, Salem, OR 97301

The total number of office spaces available at The Oregon Building is 9. Leasing opportunities in the building include general office and restaurant. There is a total of 10,916 square feet of space currently available for rent at this address. Of this, the minimum divisible area is 297 square feet.

Space Available For Lease 9

Contacts

broker

Alvin J. Nash

Tradition Real Estate Partners

Property Details

  • Property Type Office - General Office
  • Property Size 43,280 SF
  • Units 34
  • Lot Size 0.28 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1912
  • Date Updated Nov 16, 2024
In the heart of downtown Salem, on the southwest corner of High Street and State StreetOwn a piece of Salem's history with this impressive 43,280 SF office building. Originally built in 1912, this historic property features 34 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.The Historic Oregon Building sits in the hub of Salem's restaurant and entertainment district. With maximum exposure on the signaled intersections of State and High Streets in Salem, this high visibility location offers micro retail on the first floor and office space on multiple levels of this fantastic building. Fully renovated common areas and an exciting first floor that draws attention, what a great time to lease space for your retail or office needs. Suite sizes ranging from 297-2,358 SF. Janitorial is available for an extra $0.10/SF upon request with storage units available in the basement. Three hour on street parking available, and all day parkade parking available in designated areas in three parking garages downtown, all within walking distance: Chemeketa Parkade: 300 Commercial St NE, Liberty Square Parkade: 365 Ferry St SE and Marion Parkade: 538 Marion St NE.

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Highlights

  • The Historic Oregon Building built in 1912
  • Elevator Served Building
  • First Floor Retail Spaces
  • Upper Level Office Spaces
  • Storage and Janitorial Services Available
  • Located in the Heart of Downtown Salem
  • Surrounded by Salem's Restaurant and Entertainment District
  • Corner Property with Frontage on State St and High Street

Attachments

Getting around

  • 90/100

    Walk Score ®

  • 61/100

    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

    0.67 miles

  • Brooks Historical Society Depot

    8.33 miles

  • Hopmere Station

    8.42 miles

  • Blink

    0.10 miles

  • ChargePoint

    0.45 miles

  • Arco Gas Station

    0.55 miles

  • Circle K

    0.84 miles

  • Pacific Pride

    0.85 miles

  • Arco

    0.92 miles

  • Shell

    0.97 miles

  • Space Age

    1.04 miles

  • 76

    1.16 miles

  • Chevron

    1.47 miles

  • Liberty Square Parkade

    0.10 miles

  • Pringle Parkade

    0.20 miles

  • Chemeketa Parkade

    0.22 miles

  • Reserved Lot A

    0.27 miles

  • Riverfront Park (South Lot)

    0.27 miles

  • Permit Parking

    0.34 miles

  • Riverfront Park (North Lot)

    0.34 miles

  • Marion Parkade

    0.38 miles

  • Visitor Parking

    0.41 miles

  • Salem Library Parkade

    0.42 miles

  • Grand Hotel

    0.13 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    0.18 miles

  • Knights Inn

    0.81 miles

  • Howard Johnson by Wyndham Salem

    1.49 miles

  • Shilo Inn and Suites

    2.23 miles

  • Motel 6 Salem

    2.27 miles

  • Holiday Inn

    2.28 miles

  • Holiday Lodge Motel

    2.33 miles

  • Mill Creek Inn

    2.35 miles

  • DoubleTree

    2.37 miles

  • Reed Opera House

    0.12 miles

  • Pringle Park Plaza

    0.20 miles

  • Salem Center (South)

    0.22 miles

  • Ross

    0.28 miles

  • Salem Center (North)

    0.29 miles

  • Macy's

    0.30 miles

  • Kohl's

    0.32 miles

  • Safeway

    0.65 miles

  • Grocery Outlet

    0.69 miles

  • Roth's

    0.98 miles

494 State Street Listing Brief

  • Leasing rates here can depend on a variety of factors, including the quality rating of the property (property class or building class), the position of the available space within the building, any unique attributes that the listed space may include, as well as on the availability of on-site or nearby amenities. Reach out using the contact form available on this page to schedule a tour or to get more detailed information on the most modern facilities and amenities that 494 State Street has to offer.

  • See the listing area details for information and ratings regarding the degree of walkability in the neighborhood, the accessibility and frequency of public transit options, as well as the level of availability and quality of biking infrastructure in the area. What’s more, you can use the interactive map for a good overview of the area. Location details also include a breakdown of distance from the property to several essential amenities and points of interest, which may include parking facilities, fuel stations, stores, or hotels.

  • This property is in the Central Salem neighborhood of Salem and located within zip code 97301.

    494 State Street was originally completed in 1912 and is rated class B. The building includes 43,280 square feet, of which 10,916 square feet is rentable office space.

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

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