Courtesy of CENTURY 21 NORTH HOMES, COREY CLARK, 541-350-0690
41,472 sqft
$8,000,000
198 Commercial St, Salem OR, 97301
Price per sqft$192.90
Property size41,472 sqft
Property typeCommercial
Overview
Active
Listed May 11, 2026
Updated 44h ago
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, 8.82% CAP Rate! 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!
Additional information
- MLS® ID
- 840891
Interior Features
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.46 Acres
Other Property Details
- Taxes
- $87,745
- Tax Frequency
- Annually
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
WVMLS Member: Amanda Stiehl
©2026 Willamette Valley Multiple Listing Service. All rights reserved.