198 Commercial St, Salem, OR 97301
sale
$8,825,000
|
Office Bldg
Listed By CENTURY 21 North Homes Realty
Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, Attractive 8% CAP Rate and over $2 million in recent renovations, blending historic character with modern upgrades. Anchored by A+ long term State of Oregon tenants, this is a rare opportunity to acquire a stable landmark asset in a prime Salem location!
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Property Features
- Building Area: 41472.00 SF
- Cross Docks: N
- For Auction: N
- Heating Type: Heat Pump
- Lot Size In Text: 19883 Acres
- MLSID: 840891
- Parking Places: 0
- Price Per Area: 212.79
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Tax Year: 2025
- Taxes: $87745.00
- Year Built: 1956
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