Listing Courtesy of:
CENTURY 21 NORTH HOMES
Agency Contact: 541-350-0690
SQUARE FEET41,472
MLS#840891
STATUS
PROPERTY TYPECommercial - Office
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, Price reduced 8.3% CAP 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!
Property Features
Property Type: Commercial - Office
Lot Size: 0.46 Acres
Taxes: $87,745
Year Built: 1956
Feature Descriptions
Building 1: Unit 1, 16,269sqft, LEASED
Building 2: Unit 2, 1,850sqft, LEASED
Building 3: Unit 3, 19,409sqft, LEASED
Days on Site: 66
Foundation: Slab
Heating/Cooling: Central AC, Forced Air, Heat Pump, Zonal
Lot Dimensions: 0.46 Acre(s)
Price Per Square Foot: 204.96
Property Name: 198 Commercial Street
Water: City, Connected
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 NORTH HOMES
Agency Contact: 541-350-0690
Shown By
Agency Title: Coldwell Banker Valley Brokers
Albany: 541.928.6317
Corvallis: 541.757.0222