- For Lease $0.95/SF/MO
- Property Type Retail
- Property Size 23,218 SF
- Lot Size 2 Acre
- Year Built 1948
- Date Updated Jun 22, 2026
Description
This 23,218 SF street-level space is available for lease now with occupancy beginning March 2026. The building sits on a 2 acre site and features a clear-span layout, full loading dock and ample truck turnaround space, making it highly functional for a wide range of commercial uses. Zoned Central Business District (CBD), the property offers the flexibility to house retail, grocery, entertainment, fitness or other community-serving concepts. The building is currently occupied by Grocery Outlet who will be vacating on 02.28.2026, opening the door for a new business to take root at this prominent and highly accessible property within Salem’s Downtown Riverfront Urban Renewal area.
Property Features
Clear-span design with exposed glue-lam timbers
Membrane roof (2014)
Two 25-ton rooftop HVAC units (2014)
Full loading dock with truck turnaround and direct access from Commercial Street
Upgraded electrical service
Fire suppression system
True
1 Space Available
Full Building
Retail
$0.95/SF/MO
23,218 SF
23,218 - 23,218 SF
Immediate
NNN
Yes
No
This 23,218 SF street-level space is available for lease now with occupancy beginning March 2026. The building sits on a 2 acre site and features a clear-span layout, full loading dock and ample truck turnaround space, making it highly functional for a wide range of commercial uses. Zoned Central Business District (CBD), the property offers the flexibility to house retail, grocery, entertainment, fitness or other community-serving concepts. The building is currently occupied by Grocery Outlet who will be vacating on 02.28.2026, opening the door for a new business to take root at this prominent and highly accessible property within Salem’s Downtown Riverfront Urban Renewal area.
Property Features
Clear-span design with exposed glue-lam timbers
Membrane roof (2014)
Two 25-ton rooftop HVAC units (2014)
Full loading dock with truck turnaround and direct access from Commercial Street
Upgraded electrical service
Fire suppression system
Contacts
First Commercial Real Estate
First Commercial Real Estate
