181-195 High St NE - Storefront Retail/Office FOR SALE


Salem, OR 97301
$4,575,000 USD
971-273-5773
181-195 High St NE, Salem, OR for Sale
$4,575,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | 7.75% Cap Rate

181-195 High St NE
Salem, OR 97301


HIGHLIGHTS

  • Salem's Historic Grand is a prime investment opportunity to own a multi-tenant mixed-use building in the heart of the Willamette Valley.
  • Located at the signaled intersection of High Street NE and Court Street NE, with exposure and visibility from 7,870 vehicles daily.
  • Sited on 0.50 acres zoned Central Business District (CBD), this 38,450-square-foot building was built in 1900 and is in an opportunity zone.
  • Find nearby landmarks like the Marion County Court, Salem Hospital, and Oregon State Capitol, plus conveniences like Starbucks and Wells Fargo.

OVERVIEW

Salem's Historic Grand at 181-195 High Street NE is a 38,450-square-foot, multi-tenant, mixed-use building with a vibrant tenant mix in the heart of the Willamette Valley. Constructed in 1900 with over $2.5 million invested in recent upgrades, the building features three floors of retail, office, theater, event, and conference spaces. Historically known as the Chemeketa Lodge No. 1, Odd Fellows Building, and now Salem's Historic Grand, this building has been a gathering space for over a century. Within a Walker's Paradise, Salem's Historic Grand is ideal for meeting, shopping, working, and picking up lunch or coffee nearby. This complex makes for easy commuting around the greater Salem area as it is two blocks from the Interstate 5 and Highway 22 exits. Situated on the corner of High Street NE and Court Street NE, this property is the transition point between public and private business in Salem's downtown core. For a landmark property with incredible accessibility, look no further than Salem's Historic Grand.

FOR SALE DETAILS

PRICE

$4,575,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Salem's Historic Grand

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

CROSS STREETS

court street NE

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

CBD

APN/PARCEL ID

R327262,R327263,R327264,R327265,R327268,R327269

ASK ABOUT THIS PROPERTY

Terry HancockHancock Real EstateMore Info
971-273-5773

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Terry HancockHancock Real EstateMore Info
971-273-5773

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.