302 State Street

302 State Street, Salem, OR

  • For Sale Contact for pricing
  • Property Type Retail
  • Property Size 51,384 SF
  • Year Built 1966
  • Date Updated Apr 2, 2025
Located at the “Main & Main” corner of Commercial and State streets, this stunning landmark office building boasts three full floors including an improved basement plus a dedicated surface parking lot just behind. This unique opportunity includes the lease-back of nearly 10,000 SF to a well-known national credit tenant, Fortune 500 company for seven years, with four 5 year renewal options. The updated build out will provide a new interior corridor with access to a over 6,000 SF of ground floor retail / office space - facing State Street. The Upper and Lower floors will be available for Owner / Users or for lease up - able to serve a variety of retail or office tenant needs. Popular neighbors and attractions that drive this high traffic area include: countless restaurants, coffee shops / cafes, cocktail bars / pubs, retail shops and services, Oregon State Capitol Mall, Marion County Sheriff’s Office & Circuit Courthouse, Salem Convention Center, Salem Center Shopping Mall, Downtown Transit Center, Riverfront City Park as well as several hotels, apartment and condo developments.
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Reach out to the broker for more info on lease terms and amenities

Highlights

  • • National Credit
  • Fortune 500 company to lease back 9
  • 857 SF for 7 years w/ four 5-year options 41
  • 527 SF remaining for Owner/User or Lease Up • 3 Floors including Fully Improved Basement • Total Land Area: 29
  • 621 SF (0.68 Acres) • Parking: 28 Space Surface Parking Lot • Year Built: 1869 (Full Remodel in 1966 with periodic upgrades afterward) • Zoning: CB (Central Business District) • Solid office market with only 6.8% vacancy rate mid-year 2024 in Salem • Easily walkable to State Capital Mall
  • County Courthouse
  • Riverfront Park
  • hotels
  • restaurants
  • entertainment and major retail • Tax Valuation 2024: $6
  • 544
  • 620 • 46
  • 703 Average Daily Traffic (State @ Commercial)

Contacts

broker
Gary Griff

Cushman & Wakefield

broker
James Lewis

Cushman & Wakefield

broker
Anne Hecht

Cushman & Wakefield

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    60/100 Good Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Central Salem
  • Market Eugene

Points of Interest

  • Salem

    0.78 miles

  • Brooks Historical Society Depot

    8.34 miles

  • Hopmere Station

    8.43 miles

  • Blink

    0.04 miles

  • Arco Gas Station

    0.52 miles

  • ChargePoint

    0.56 miles

  • Circle K

    0.73 miles

  • Pacific Pride

    0.73 miles

  • Space Age

    0.94 miles

  • Arco

    1.04 miles

  • Shell

    1.05 miles

  • 76

    1.22 miles

  • Chevron

    1.47 miles

  • Liberty Square Parkade

    0.05 miles

  • Riverfront Park (South Lot)

    0.15 miles

  • Chemeketa Parkade

    0.19 miles

  • Pringle Parkade

    0.22 miles

  • Riverfront Park (North Lot)

    0.25 miles

  • Reserved Lot A

    0.37 miles

  • Salem Library Parkade

    0.40 miles

  • Marion Parkade

    0.40 miles

  • Permit Parking

    0.43 miles

  • M Lot

    0.48 miles

  • Wild Pear

    0.04 miles

  • Masonry Grill

    0.05 miles

  • W. Wallace

    0.05 miles

  • Bigwig Donuts

    0.06 miles

  • Amadeus

    0.07 miles

  • Brown's Towne

    0.07 miles

  • Ritter's

    0.08 miles

  • Chira's Restaurant And Catering

    0.09 miles

  • Rex

    0.09 miles

  • Damascus Kitchen

    0.09 miles

  • Reed Opera House

    0.10 miles

  • Pringle Park Plaza

    0.22 miles

  • Salem Center (South)

    0.25 miles

  • Ross

    0.30 miles

  • Salem Center (North)

    0.32 miles

  • Kohl's

    0.35 miles

  • Macy's

    0.36 miles

  • Grocery Outlet

    0.68 miles

  • Safeway

    0.77 miles

  • Roth's

    0.88 miles

Frequently Asked Questions

How much does 302 State Street cost?

The sale price for 302 State Street is available upon request. Contact the listing broker for more information.

What is the total square footage of 302 State Street?

302 State Street totals 51,384 square feet.

When was this property built?

302 State Street was built in 1966.

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