246 State St, Salem, OR

Retail for Sale - $1,045,000 - 4,573 Sq. Ft. on 5318 acres


Agent Info

Shadya Jones
Coldwell Banker Commercial Mountain West Real Estate

Property Info

CIMLS#1179531
Location
  246 State St
  Salem OR 97301
UpdatedAugust 2nd, 2025
TypeRetail
Price$1,045,000
Building4,573 Sq. Ft.
Land5318 acres

Property Description

The Historic Tiger Engine Co. No. 2 Fire House!

Discover a unique owner-user opportunity or investment opportunity with tremendous rental upside. This gorgeous, remodeled historic 4,573 +/-sq. ft. building, constructed in the 1900s, features a perfectly suited street retail or office space on the ground floor and two separate vacation rental units located on the 2nd floor (1 bed/1 bath & 2 bed/1 bath). Zoned CB and nestled within the Salem Downtown Historic District overlay zone, this property boasts a rich history as Salem's second firehouse in the 1900s. With its timeless character and prime location, it offers the perfect blend of charm and functionality, making it an ideal choice for investors looking to capitalize on the growing demand for unique rental spaces and housing. Don’t miss out on this exceptional opportunity!


Financials



Similar Listings