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
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1912
  • Date Updated Jan 10, 2025
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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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

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

What is the price for renting office space at The Oregon Building?

The average rate for office space here is $1.75/SF/MO, with rates starting at $1.44.

What type of office space is available to lease at The Oregon Building?

In total, there is 8,149 square feet of office space for lease here. Availability at this location includes 6 Office spaces. The property offers Multi-Tenant commercial space.

Is The Oregon Building suitable for a small business?

Yes, availabilities here may be suitable for small businesses with 6 office spaces under 5,000 square feet available. Space sizes here start at 297 square feet.

Does The Oregon Building have parking?
Parking information for the property isn't currently listed. However, other nearby parking options include Liberty Square Parkade, located 0.1 miles away, and Pringle Parkade, which is 0.2 miles away.
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Contact Listing Broker
broker

Tradition Real Estate Partners

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