The Oregon Building

494 State Street, Salem, OR 97301

  • For Lease $1.44 - $2.06/SF/MO
  • Property Type Office - General Office
  • Property Size 43,280 SF
  • Units 34
  • Lot Size 0.28 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1912
  • Date Updated Dec 16, 2024
In the heart of downtown Salem, on the southwest corner of High Street and State StreetOwn a piece of Salem's history with this impressive 43,280 SF office building. Originally built in 1912, this historic property features 34 units, offering ample space for a wide range of office-based businesses. Zoned CB, this property's central location in the heart of Salem enhances its appeal, promising a strategic position for businesses seeking a premier office or retail space. With its rich architectural heritage and functional layout, this property presents an ideal opportunity for office building investors seeking a distinctive and versatile asset in the heart of Salem. With its rich history and vast square footage, The Oregon Building represents a rare and lucrative prospect for investors in the office sector. Don't miss the chance to make your mark in this vibrant and evolving market.The Historic Oregon Building sits in the hub of Salem's restaurant and entertainment district. With maximum exposure on the signaled intersections of State and High Streets in Salem, this high visibility location offers micro retail on the first floor and office space on multiple levels of this fantastic building. Fully renovated common areas and an exciting first floor that draws attention, what a great time to lease space for your retail or office needs. Suite sizes ranging from 297-2,358 SF. Janitorial is available for an extra $0.10/SF upon request with storage units available in the basement. Three hour on street parking available, and all day parkade parking available in designated areas in three parking garages downtown, all within walking distance: Chemeketa Parkade: 300 Commercial St NE, Liberty Square Parkade: 365 Ferry St SE and Marion Parkade: 538 Marion St NE.
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Reach out to the broker for more info on lease terms and amenities

Highlights

  • The Historic Oregon Building built in 1912
  • Elevator Served Building
  • First Floor Retail Spaces
  • Upper Level Office Spaces
  • Storage and Janitorial Services Available
  • Located in the Heart of Downtown Salem
  • Surrounded by Salem's Restaurant and Entertainment District
  • Corner Property with Frontage on State St and High Street

Spaces Available

Contacts

broker
Alvin J. Nash

Tradition Real Estate Partners

Location

Getting Around

  • Walk Score ®

    90/100 Very Walkable

  • Transit Score ®

    61/100 Good Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.67 miles

  • Brooks Historical Society Depot

    8.33 miles

  • Hopmere Station

    8.42 miles

  • Blink

    0.10 miles

  • ChargePoint

    0.45 miles

  • Arco Gas Station

    0.55 miles

  • Circle K

    0.84 miles

  • Pacific Pride

    0.85 miles

  • Arco

    0.92 miles

  • Shell

    0.97 miles

  • Space Age

    1.04 miles

  • 76

    1.16 miles

  • Chevron

    1.47 miles

  • Liberty Square Parkade

    0.10 miles

  • Pringle Parkade

    0.20 miles

  • Chemeketa Parkade

    0.22 miles

  • Reserved Lot A

    0.27 miles

  • Riverfront Park (South Lot)

    0.27 miles

  • Permit Parking

    0.34 miles

  • Riverfront Park (North Lot)

    0.34 miles

  • Marion Parkade

    0.38 miles

  • Visitor Parking

    0.41 miles

  • Salem Library Parkade

    0.42 miles

  • Grand Hotel

    0.13 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    0.18 miles

  • Knights Inn

    0.81 miles

  • Howard Johnson by Wyndham Salem

    1.49 miles

  • Shilo Inn and Suites

    2.23 miles

  • Motel 6 Salem

    2.27 miles

  • Holiday Inn

    2.28 miles

  • Holiday Lodge Motel

    2.33 miles

  • Mill Creek Inn

    2.35 miles

  • DoubleTree

    2.37 miles

  • Fuji Rice Time

    0.03 miles

  • Epilogue Kitchen

    0.03 miles

  • The Easy Otter

    0.03 miles

  • Chubby Bao House

    0.03 miles

  • La Lucciola

    0.03 miles

  • Fork Forty

    0.03 miles

  • Damascus Kitchen

    0.03 miles

  • Rex

    0.04 miles

  • DaVinci Ristorante

    0.05 miles

  • Ritter's

    0.06 miles

  • Ink Theory Tattoo School

    0.14 miles

  • Johnny Matthew's Hairdressing Training School

    0.17 miles

  • Portland State University

    0.20 miles

  • Collins Legal Center

    0.26 miles

  • Atkinson Graduate School of Management

    0.29 miles

  • Saint Joseph Catholic School

    0.32 miles

  • Willamette University

    0.60 miles

  • Bilingual Gateway School

    0.63 miles

  • St. John School for Early Learners

    0.64 miles

  • North Salem High School

    0.75 miles

  • Little Village Learning Center

    0.22 miles

  • Little Friends Montessori School

    0.27 miles

  • Wallace Learning Center

    0.81 miles

  • East Salem Headstart (pre-school)

    3.32 miles

  • Kuebler Early Learning Center

    3.97 miles

Frequently Asked Questions

How much does office space cost at The Oregon Building?

The average price for office space at The Oregon Building is $1.75/SF/MO. The cost of leasing office space can depend on the position of the space within the building, the location of the property, the quality rating, amenities on-site or nearby, as well as if the office space you are looking at comes with attributes that are unique to it.

What office space is available at The Oregon Building?

In total, there are 9,232 square feet of office space for rent at The Oregon Building. Availability at this location includes general office. The property offers Multi-Tenant commercial space. If you are interested in finding out more, you can easily reach out to schedule a tour using the contact form at the top of this page.

Can I find office space for a small business at The Oregon Building?

Available office space at The Oregon Building starts at 297 square feet. According to general recommendations of 75 to 150 square feet of office space per person, this can work for a minimum of 1 people. For detailed information on optimal divisible space options for your business needs, contact the listing broker to schedule a tour.

Can I find office space for a large business at The Oregon Building?

Office space available at The Oregon Building provides up to 2,358 square feet, which can accommodate a maximum of 31 people, according to recommendations of between 75 and 150 square feet of office space per person. For a better understanding of how this space could work for you, reach out to schedule a tour.

Is The Oregon Building a good location for office space?

The Oregon Building is located in the Central Salem neighborhood of Eugene. The Oregon Building was first completed in 1912. Office space here is rated class B. Reach out to the leasing representative for more detailed information on the most modern facilities and amenities at the property.

Area amenities within half a mile of this location include 2 child care option(s), 6 educational institution(s), 10 restaurant or other dining establishment(s), 2 hotel, motel, or other accommodation.

Does The Oregon Building have parking?

See listing location information regarding the nearest points of interest in the area. Contact the property representative for details on what the best vehicle access and parking options are near 494 State Street. For your consideration, The Oregon Building is located within 0.5 miles of 10 parking option(s) and 2 fuel station(s).

How do I lease office space at The Oregon Building?

If you want to find out more about the lease terms and office space availability at The Oregon Building, fill out the contact form to schedule a tour or reach out to the property representatives using the contact details provided here to ask for any additional information that you might be interested in.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Alvin J. Nash

Tradition Real Estate Partners

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