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About the Listing 243 - 20109
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!
Listing Highlights
Status
Active
Days on Site
36
Property Type
Commercial Sale
MLS ®
840891
Year Built
1956
Total Square Footage
41,472
Lot/Acreage
0.46
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Central AC,Forced Air,Heat Pump,Zonal
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City,Connected
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $87,745
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
198 Commercial St SE Salem, OR 97301
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