1230 State Events & Catering Center

1230 State St, Salem, OR 97301

  • For Sale $1,900,000
  • Property Type Retail - Restaurant
  • Property Size 5,880 SF
  • Units 1
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1928
  • Year Renovated 2023
  • Date Updated Dec 2, 2024
The subject property is a versatile 5,880-square-foot space, zoned MU-I, currently operating as a restaurant and event venue. Strategically located on State Street, it benefits from being within walking distance of three of the largest employers in the Salem MSA—Willamette University, Salem Health, and the Oregon State Capitol Mall. The surrounding area is home to well-established and thriving businesses in the hospitality sector, enhancing its appeal and long-term potential.Introducing 1230 State St, a prime investment opportunity for retail and restaurant ventures. This historic 5,880 SF property, built in 1928 and fully renovated in 2023, presents a compelling combination of vintage charm and modern amenities. Zoned MU-I, it offers versatile potential in Salem's thriving area. With a single unit, this property provides an ideal canvas for a unique establishment. The full interior renovation offers a turnkey solution for savvy investors, while its proximity to significant employers ensures a growing buyer pool. With interest rates easing, now is the time to seize this exceptional commercial venture.
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Attachments

Highlights

  • Full interior renovation completed in 2023
  • Close proximity to substantial employers
  • Buyer pool is growing with diminishing pressure on interest rates

Contacts

broker

SVN | Commercial Advisors

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable
  • Transit Score ®

    58/100 Good Transit
  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Southeast Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.30 miles

  • Brooks Historical Society Depot

    8.35 miles

  • Hopmere Station

    8.44 miles

  • ChargePoint

    0.13 miles

  • Blink

    0.15 miles

  • Arco

    0.35 miles

  • Pacific Pride

    0.60 miles

  • Shell

    0.67 miles

  • Arco Gas Station

    0.89 miles

  • City of Salem Fuel Island

    1.05 miles

  • 76

    1.09 miles

  • Circle K

    1.39 miles

  • E Lot

    0.33 miles

  • Visitor Parking

    0.34 miles

  • Reserved Lot A

    0.38 miles

  • Permit Parking

    0.40 miles

  • Staff Parking

    0.43 miles

  • Patient Visitor Parking Garage

    0.45 miles

  • Green Lot - Dept of Admin Services

    0.47 miles

  • B Lot

    0.49 miles

  • M Lot

    0.59 miles

  • Pringle Parkade

    0.61 miles

  • Cuisine India

    0.01 miles

  • Adam's Rib Smoke House

    0.02 miles

  • Bearwolf Catering and PNW Deli

    0.06 miles

  • Al Aqsa

    0.07 miles

  • Indian Masala

    0.13 miles

  • Taproot Old Mill Cafe

    0.15 miles

  • McDonald's

    0.26 miles

  • King Donuts

    0.32 miles

  • Word of Mouth Bistro

    0.35 miles

  • Happy BiBiM Bap House

    0.47 miles

  • Safeway

    0.31 miles

  • Macy's

    0.60 miles

  • Pringle Park Plaza

    0.61 miles

  • Salem Center (South)

    0.64 miles

  • Salem Center (North)

    0.66 miles

  • Kohl's

    0.66 miles

  • Reed Opera House

    0.67 miles

  • Ross

    0.68 miles

  • Grocery Outlet

    1.01 miles

  • Roth's

    1.49 miles

Frequently Asked Questions

How much does 1230 State Events & Catering Center cost?

The space currently listed for sale at 1230 State Events & Catering Center asks for $1,900,000.

What is the total square footage of 1230 State Events & Catering Center?

1230 State Events & Catering Center totals 5,880 square feet.

When was this property built?

1230 State Events & Catering Center was built in 1928.

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Contact Listing Broker
broker

SVN | Commercial Advisors