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Listing provided courtesy of MOSAR COMMERCIAL PROPERTIES: 971-273-7670.

388 Commercial NE

Salem, OR 97301
  • $2,900,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 841356
UPDATED: 49 min ago
$2,900,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,448
    SQFT
  • $216
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1911
County:

School Ratings & Info

Listing provided courtesy of MOSAR COMMERCIAL PROPERTIES: 971-273-7670. Listing information © 2026 Willamette Valley Multiple Listing Service



Description

Highly visible retail/office/medical property building at lighted intersection of Commercial and Center. Seller would like to lease back for 5-year period with options to renew providing a 6,933 SF space for an owner occupant, plus basement storage. Great SBA loan lending option or an investment hold property.

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Willamette Valley MLS logo © 2026 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. Data last updated: 2026-06-11T09:08:51.603.
www.suelongrealty.com/homes/176776531
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388 Commercial NE Salem, OR 97301

  • Price: $2,900,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 49 min ago
  • MLS #: 841356
0
Beds
0
Baths
0
½ Baths
0.32
Acres
13,448
SQFT
$216
$/SQFT
1911
Built
Neighborhood:
20 CENTRAL SALEM
County:
Marion
Area:
20 CENTRAL SALEM
Property Description
Highly visible retail/office/medical property building at lighted intersection of Commercial and Center. Seller would like to lease back for 5-year period with options to renew providing a 6,933 SF space for an owner occupant, plus basement storage. Great SBA loan lending option or an investment hold property.
Exterior Features

Building1 Info 13448 SF - Street Level Building2 Info 7693 SF - Unfinished Basement / Storage Foundation Continuous Parking Spaces 0 Railroad No Roof Other (Refer to Remarks) Signage Yes Trailer Parking No

Interior Features

Basement Partial Heating Forced AirGas

Property Features

Commercial Type Retail Confidentiality Agreement Required No Cross Street Center St Flood Plain No High Speed Comm Access Available New Construction No Owner Managed Yes Owner Occupied Yes Property Use Type Any Use-All the Following Seller To Do1031 No Sewer City Source Of Square Feet Owner Suitable For Office Medical OfficeOffice-Warehouse Suitable For Shopping Center Convenience/Strip Center Tax Amount 155563 Tenancy Multiple Terms Seller Will Consider CashConventional Water City Zoning CB

© 2026 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2026 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. Data last updated: 2026-06-11T09:08:51.603.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of MOSAR COMMERCIAL PROPERTIES: 971-273-7670. Listing information © 2026 Willamette Valley Multiple Listing Service