Map of Property

Prime Downtown Retail Location

For Lease

240 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 6,797 square feet. Lease type options include NNN. 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

(503) 559-9279

Property Details

  • Property Type Retail - Street Retail
  • Property Size 6,797 SF
  • Lot Size 0.12 Acre
  • Year Built 1889
  • Date Updated May 2, 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 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.Prime downtown retail space available for lease. 240 Commercial Street is 6,550 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 6,550 retail building includes two floors, 3,850 SF 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 within walking distance. Contact Listing Broker for additional information.

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Highlights

  • High Visibility Location Downtown
  • 6,550 SF Building
  • 3,850 SF - First Floor
  • $1.25/SF/NNN
  • 2,947 SF - Second Floor
  • $0.95/SF/NNN
  • 0.12 Acres of CB Zoned Property
  • Private and Public Parking
  • Near Riverfront Park
  • Restaurants & Retailers Nearby

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 Amtrak Station

    0.85 miles

  • Blink

    0.15 miles

  • Blink

    0.19 miles

  • Blink

    0.23 miles

  • Blink

    0.25 miles

  • Arco Gas Station

    0.66 miles

  • Circle K

    0.68 miles

  • Pacific Pride

    0.69 miles

  • SemaConnect

    0.70 miles

  • ChargePoint

    0.72 miles

  • SemaConnect

    0.73 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

  • Reserved Lot A

    0.45 miles

  • Permit Parking

    0.49 miles

  • Green Lot - Dept of Admin Services

    0.51 miles

  • Salem Library Parkade

    0.54 miles

  • Visitor Parking

    0.58 miles

  • Court Street Dairy Lunch

    0.03 miles

  • India Palace

    0.04 miles

  • Straight From New York Pizza

    0.04 miles

  • Macedonia Greek Restaurant

    0.06 miles

  • Chira's

    0.06 miles

  • Brown's Towne Lounge

    0.06 miles

  • 503 Sushi Bar

    0.06 miles

  • BelgiQue Sugar Waffles

    0.07 miles

  • Thai Orchid Restaurant

    0.07 miles

  • Busick Court Restaurant

    0.08 miles

  • JCPenney

    0.08 miles

  • Salem Center Mall

    0.13 miles

  • Ross

    0.16 miles

  • TJ Maxx

    0.19 miles

  • Kohl's

    0.22 miles

  • Macy's

    0.25 miles

  • Grocery Outlet

    0.54 miles

  • Safeway

    0.73 miles

  • Roth's West Salem

    0.80 miles

  • Safeway

    1.19 miles

240 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 Commercial St NE is located in Central Salem, which is home to a total of 72 listing(s). Retail space at Prime Downtown Retail Location asks $1.10/SF/MO per square foot.

  • The property includes 6,797 square feet of retail space for lease. Of this total, 6,797 square feet are Retail.

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

    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 33. The average household income here is $48,149 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

(503) 559-9279

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  2. 2Extra information