195 Commercial St NE

195 Commercial St NE, Salem, OR 97301

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Property Information

  • For Lease $18.00/SF/YR
  • Property Type Retail
  • Property Size 12,236 SF
  • Lot Size 0.21 Acre
  • Year Built 1889
  • Date Updated Jul 24, 2026

Description

A 12,236-square-foot historic retail property located at 195 Commercial St NE in Salem's Central Salem neighborhood, originally built in 1889. Situated on a 0.21-acre lot, this character-rich building offers established commercial presence in downtown Salem's vibrant core. The property's prime Central Salem location provides excellent visibility and access to the area's growing retail and business community.

1 Space Available

Space Available

Space Type

Restaurant

Lease Rate

$18.00/SF/YR

Total Space

5,000 SF

Divisible Space

2,000 - 5,000 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

2,000 - 5,000 SF (900 SF BASEMENT INCLUDED)

Unlock the potential of this 5,000 SF turnkey restaurant/bar space, ideally positioned in the heart of downtown Salem. Formerly home to the Night Deposit nightclub, this property offers an exceptional foundation for a new operator. Located along one of downtown’s main arterials, the site benefits from outstanding visibility, constant pedestrian activity, and strong daily traffic counts. The space includes approximately 900 SF of additional basement storage, providing ample room for operations, inventory, back-of-house uses, and flexibility. With its prominent location, strong surrounding retail, and built-in downtown energy, this property is positioned to attract both local regulars and visitors alike.

 

 

Contacts

Location

Located at 195 Commercial St NE, Salem, OR 97301, this property is part of the Central Salem neighborhood and Eugene market.

  • 76/100 Very Walkable
  • 61/100 Good Transit
  • 88/100 Very Bikeable
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