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
UpdatedJune 16th, 2026
TypeOffice
Price$8,825,000
Building41,472 Sq. Ft.
Land19883 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!


Financials