Map of Property

475 Cottage Street Northeast

475 Cottage Street Northeast, Salem, OR 97301

  • For Sale $4,775,000
  • Property Type Office - General Office
  • Property Size 23,202 SF
  • Lot Size 0.85 Acre
  • Zoning CBD
  • Additional Rent Contact for pricing
  • Year Built 1960
  • Year Renovated 2019
  • Date Updated Nov 29, 2024

Unique opportunity to acquire an office building for a user seeking approximately 5,300 SF for owner-occupancy. This two-story, urban office building with off-street parking has additional tenants providing income in support of the asking price. The estimated stabilized value of the building is $5,200,000 once the vacant space is filled with a tenant paying market rents.  The asking price of $4,775,000 leaves over $400,000 of consideration for a buyer to carry the asset while sourcing a tenant or having cushion to complete a remodel of the space to suit the specifications of the user.

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Contacts

broker
Jennifer Martin Is this you?

First Commercial Real Estate

broker
Tanner Morgan Is this you?

First Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Transit Score ®

    61/100 Good Transit

  • Bike Score ®

    89/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.76 miles

  • Brooks Historical Society Depot

    8.01 miles

  • Hopmere Station

    8.10 miles

  • ChargePoint

    0.15 miles

  • Blink

    0.23 miles

  • 76

    0.81 miles

  • Arco

    0.81 miles

  • Arco Gas Station

    0.90 miles

  • Circle K

    0.96 miles

  • Pacific Pride

    0.97 miles

  • Space Age

    1.11 miles

  • Shell

    1.12 miles

  • City of Salem Fuel Island

    1.56 miles

  • Green Lot - Dept of Admin Services

    0.16 miles

  • Marion Parkade

    0.21 miles

  • Chemeketa Parkade

    0.33 miles

  • Liberty Square Parkade

    0.44 miles

  • Reserved Lot A

    0.48 miles

  • Riverfront Park (North Lot)

    0.48 miles

  • Pringle Parkade

    0.54 miles

  • Permit Parking

    0.56 miles

  • Riverfront Park (South Lot)

    0.57 miles

  • Visitor Parking

    0.58 miles

  • Grand Hotel

    0.48 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    0.49 miles

  • Knights Inn

    0.70 miles

  • Howard Johnson by Wyndham Salem

    1.51 miles

  • Shilo Inn and Suites

    1.91 miles

  • Holiday Inn

    1.95 miles

  • Motel 6 Salem

    1.96 miles

  • Holiday Lodge Motel

    2.02 miles

  • DoubleTree

    2.05 miles

  • Motel 6

    2.09 miles

  • Burrito Way

    0.12 miles

  • Happy BiBiM Bap House

    0.13 miles

  • AKAI Ramen & Izakaya

    0.16 miles

  • Mint Leaf Indian Bistro

    0.17 miles

  • La Margarita Express

    0.18 miles

  • Auntie Anne's

    0.19 miles

  • Sushi Ya Sushi

    0.21 miles

  • Little Sicily Pizza

    0.21 miles

  • Marco's Place

    0.22 miles

  • Chinese Cafe

    0.22 miles

  • Saint Joseph Catholic School

    0.12 miles

  • Portland State University

    0.20 miles

  • Ink Theory Tattoo School

    0.30 miles

  • Johnny Matthew's Hairdressing Training School

    0.31 miles

  • Collins Legal Center

    0.42 miles

  • Parish Middle School

    0.44 miles

  • North Salem High School

    0.45 miles

  • Atkinson Graduate School of Management

    0.48 miles

  • St. John School for Early Learners

    0.53 miles

  • Bilingual Gateway School

    0.58 miles

  • Little Friends Montessori School

    0.20 miles

  • Little Village Learning Center

    0.57 miles

  • Wallace Learning Center

    0.90 miles

  • East Salem Headstart (pre-school)

    3.01 miles

  • Kuebler Early Learning Center

    4.21 miles

Frequently Asked Questions

How much does 475 Cottage Street Northeast cost?

The space currently listed for sale at 475 Cottage Street Northeast asks for $4,775,000.

What is the total square footage of 475 Cottage Street Northeast?

475 Cottage Street Northeast totals 23,202 square feet.

When was this property built?

475 Cottage Street Northeast was built in 1960.

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