198 Commercial St, Salem, OR
Office for Sale - $8,825,000 - 41,472 Sq. Ft. on 19883 acres
Agent Info
| Corey Clark CENTURY 21 North Homes Realty |
Property Info
| CIMLS# | 1192805 |
| Location 198 Commercial St Salem OR 97301 | |
| Updated | June 16th, 2026 |
| Type | Office |
| Price | $8,825,000 |
| Building | 41,472 Sq. Ft. |
| Land | 19883 acres |
Property Description
Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, Attractive 8% CAP Rate and over $2 million in recent renovations, blending historic character with modern upgrades. Anchored by A+ long term State of Oregon tenants, this is a rare opportunity to acquire a stable landmark asset in a prime Salem location!

