- For Lease $0.50/SF/MO
- Property Type Industrial - Flex - Industrial
- Property Size 14,279 SF
- Units 3
- Lot Size 0.58 Acre
- Year Built 1964
- Date Updated Jul 21, 2026
- HVAC None
Description
Located on highly visible Commercial Street in NE Salem, just south of Belmont Street. Near downtown Salem, Marion Street bridge and the Salem police department. With convenient access to the Salem Parkway, and interstate 5.Positioned on one of Salem's most heavily traveled commercial corridors, this 14,279-square-foot mixed-use industrial property presents a rare opportunity to acquire a highly visible owner-user or investment asset in the heart of Salem. Located just minutes from downtown with convenient access to the Salem Parkway and Interstate 5, the property combines exceptional exposure, functionality, and long-term flexibility.
The building features two prominent storefront/showroom spaces fronting Commercial Street NE, complemented by a substantial warehouse component designed for efficient operations and logistics. The warehouse includes concrete flooring, an 8' x 10.1' roll-up door, and an 8' x 10' slider split door for streamlined loading and receiving. A fully built-out second floor provides private office space, a large employee break room, and two restrooms, creating a functional separation between administrative and operational areas.
Zoned MU-I (Mixed Use-Industrial), the site supports a broad range of commercial, retail, showroom, service, distribution, manufacturing, and industrial uses, making it well-suited for a variety of owner-occupants, investors, and redevelopment strategies. The property's flexible configuration offers opportunities for single-tenant occupancy, multi-tenant income generation, or future repositioning. A secure private parking area includes 22 dedicated spaces, with additional overflow parking available to accommodate customers, employees, or fleet vehicles.
Formerly occupied by a national automotive retailer, this well-located asset offers the scale, functionality, and zoning flexibility rarely available in Salem's urban core. Whether for owner-occupancy, investment income, industrial operations, retail showroom use, or future redevelopment, 1012 Commercial St NE represents a compelling opportunity in one of the region's most accessible commercial locations.Positioned along one of Salem’s highest-traffic corridors, this 14,279 SF industrial retail property offers exceptional street visibility and access just 2 miles north of downtown. Zoned MU-I (Mixed Use-Industrial), the site supports a wide range of commercial, retail, and light industrial uses.
The main level includes two storefront retail/showroom spaces and a warehouse area with concrete flooring, an 8' x 10.1' roll-up door, and an 8' x 10' slider split door for seamless loading and deliveries. The second floor features built-out office space, a large break room, and two restrooms, providing functional separation for administration and operations. Landlord will consider demising, warehouse, retail/office and showroom. This location offers plentiful private parking with 22 dedicated spaces, and additional overflow parking available.
Key Features:
14,279 SF total (flex warehouse/retail/office)
Multiple entry points for flexible use and traffic flow
3-phase power and robust infrastructure for industrial or production needs
Secure private lot with 22 dedicated parking spaces + overflow capacity
High-exposure signage opportunities on Commercial St NE
MU-I zoning supports a mix of commercial and industrial uses
Just 3 miles to I-5 via Salem Parkway and 50 miles south of Portland
This is a rare opportunity to lease a high-exposure, mixed-use industrial building with flexible configurations to accommodate retail, service, showroom, or warehouse/distribution uses in a strategic urban core location. Formerly Advanced Auto Parts, this property is ideal for automotive, mechanical, distribution, or a variety of other business uses thanks to its flexible layout and excellent location.
Highlights
- $0.75/SF/Mo/NNN
- 14,279 SF Flex/Retail Building
- 2 Miles from Downtown Salem
- 22 Onsite Parking Spaces with Overflow
- 3 Miles to I-5 via MLK Blvd Parkway
- 50 Miles South of Portland
- High Traffic Corridor with Street Frontage
- MU-I Zoned Property
- Robust Infrastructure with 3-Phase Power
True
1 Space Available
Freestanding Flex Retail Building - $10,710/Mo/NNN
Space Type
Industrial
Lease Rate
$0.50/SF/MO
Total Space
14,279 SF
Divisible Space
14,279 - 14,279 SF
Available Date
Immediate
Lease Type
NNN
Renewal Option
Yes
Sublease
No
For demised space rents at $1.00/SF.
Contacts
Alvin J. Nash
Tradition Real Estate Partners
Location
Located at 1012 Commercial St NE, Salem, OR 97301, this property is part of the Central Salem neighborhood and Eugene market.
Contact Listing Broker
Alvin J. Nash
Tradition Real Estate Partners