198 Commercial St SE SE, Salem, OR 97301
198 Commercial St SE SE, Salem, OR 97301
198 Commercial St SE SE, Salem, OR 97301
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Listed by COREY CLARK • CENTURY 21 NORTH HOMES • 541-350-0690
$10,500,000
Est. payment /mo
41,472 SqFt
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 41,472 sqft

Price per Sqft $253

MLS Listing ID 840891

Year Built 1956

Annual Tax Amount $87,745

Tax Year 2025

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Office

Property Description

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, a solid 6.53% CAP, 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!

Location

State OR

County Marion

Area 20 Central Salem

Interior

Heating Central AC, Forced Air, Heat Pump, Zonal

Building

Foundation Slab

Water City, Connected

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Willamette Valley MLS (WVMLS)

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Samantha Alley

Samantha Alley

+1(541) 918-5041

Listing Specialist and Principal Broker | License ID: 941000189 | RE/MAX INTEGRITY

Listing Specialist and Principal Broker License ID: 941000189 | RE/MAX INTEGRITY

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