- For Lease $23.96 - $41.55/SF/YR
- Property Type Office - General Office
- Property Size 46,206 SF
- Lot Size 0.24 Acre
- Parking Spaces Avail. 199
- Parking Ratio 4.32 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1927
- Date Updated Aug 20, 2025
Capitol Center is a 46,206-square-foot Class B office building situated on a 0.24-acre lot at 388 State Street. Originally built in 1927, the property offers the convenience of 199 parking spaces with a parking ratio of 4.32 spaces per 1,000 square feet. Designed to accommodate a range of office uses, this general office building provides a practical setup for tenants seeking a centrally located workspace in Salem.
Set in the heart of Central Salem, Capitol Center benefits from proximity to a variety of nearby amenities. Dining options are abundant, with Wild Pear, Ritter's, and Precious Pizza all within approximately 0.1 miles. The Grand Hotel and Holman Riverfront Park Hotel are just steps away, offering convenient accommodations for visiting clients or employees. Nearby public parking facilities, including Liberty Square Parkade and Chemeketa Parkade, are within walking distance. The property's central location also ensures access to transportation hubs, shopping, and educational institutions, making it an advantageous choice for businesses.
Reach out to the broker for more info on lease terms and amenities
True
Spaces Available
#1020 |
Unique opportunity for turn-key office space with incredible views of downtown and Salem’s Riverfront. One larger office remains on the perimeter of the space with expansive windows. Nice reception/waiting area, conference room, break room, and interior open workspaces. |
#340 |
Nice, larger single of¿ce space with storage closet. Suitable for 1-2 people. Available September 1, 2025. |
#500 |
Nice, larger single of¿ce space with. Suitable for 2-3 people. |
#920 |
Nice, larger single of¿ce space with. Suitable for 2-3 people. |
1st Floor |
Gorgeous historic first floor/mezzanine is turnkey for professional office use. Landlord is willing to provide the mezzanine level free of charge for qualified lease terms. Landlord will also consider conversion to restaurant or retail. Landlord willing to provide significant free rent incentive for initial lease terms at five years or more. Current buildout has great mix of open space, private offices, and creative work space. Numerous restrooms throughout and an upstairs breakroom make this a well-rounded space First Floor 3,924 SF Mezzanine 3,044 SF Total Space Available 6,968 SF: Introductory Rent $10,000/MO. |
Mezzanine |
Gorgeous historic first floor/mezzanine is turnkey for professional office use. Landlord is willing to provide the mezzanine level free of charge for qualified lease terms. Landlord will also consider conversion to restaurant or retail. Landlord willing to provide significant free rent incentive for initial lease terms at five years or more. Current buildout has great mix of open space, private offices, and creative work space. Numerous restrooms throughout and an upstairs breakroom make this a well-rounded space First Floor 3,924 SF Mezzanine 3,044 SF Total Space Available 6,968 SF: Introductory Rent $10,000/MO. |
Contacts
Location
Getting Around
-
Walk Score ®
81/100
Very Walkable
-
Transit Score ®
61/100
Good Transit
-
Bike Score ®
88/100
Very Bikeable
- City Salem, OR
- Neighborhood Central Salem
- Zip Code 97301
- Market Eugene
Points of Interest
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Salem
0.74 miles
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Brooks Historical Society Depot
8.33 miles
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Hopmere Station
8.42 miles
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Blink
0.03 miles
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ChargePoint
0.52 miles
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Arco Gas Station
0.53 miles
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Circle K
0.77 miles
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Pacific Pride
0.77 miles
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Space Age
0.98 miles
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Arco
1.00 miles
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Shell
1.02 miles
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76
1.20 miles
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Chevron
1.47 miles
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Liberty Square Parkade
0.04 miles
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Riverfront Park (South Lot)
0.19 miles
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Chemeketa Parkade
0.20 miles
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Pringle Parkade
0.20 miles
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Riverfront Park (North Lot)
0.28 miles
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Reserved Lot A
0.33 miles
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Marion Parkade
0.39 miles
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Permit Parking
0.40 miles
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Salem Library Parkade
0.40 miles
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M Lot
0.46 miles
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Grand Hotel
0.08 miles
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Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton
0.10 miles
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Knights Inn
0.89 miles
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Howard Johnson by Wyndham Salem
1.56 miles
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Shilo Inn and Suites
2.30 miles
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Motel 6 Salem
2.34 miles
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Holiday Inn
2.34 miles
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Holiday Lodge Motel
2.40 miles
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Mill Creek Inn
2.43 miles
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DoubleTree
2.43 miles
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Wild Pear
0.01 miles
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W. Wallace
0.03 miles
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Bigwig Donuts
0.04 miles
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Ritter's
0.04 miles
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Rex
0.05 miles
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Damascus Kitchen
0.05 miles
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Amadeus
0.05 miles
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Fork Forty
0.05 miles
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La Lucciola
0.05 miles
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Chubby Bao House
0.05 miles
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Ink Theory Tattoo School
0.13 miles
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Johnny Matthew's Hairdressing Training School
0.15 miles
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Portland State University
0.22 miles
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Collins Legal Center
0.34 miles
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Atkinson Graduate School of Management
0.36 miles
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Saint Joseph Catholic School
0.39 miles
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Willamette University
0.68 miles
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Bilingual Gateway School
0.71 miles
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St. John School for Early Learners
0.72 miles
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North Salem High School
0.82 miles
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Little Village Learning Center
0.23 miles
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Little Friends Montessori School
0.34 miles
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Wallace Learning Center
0.75 miles
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East Salem Headstart (pre-school)
3.39 miles
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Kuebler Early Learning Center
3.99 miles
Frequently Asked Questions
The average rate for office space here is $32.76/SF/YR, with rates starting at $23.96/SF/YR.
In total, there is 9,029 square feet of office space for lease here. Availability at this location includes 6 Office spaces. The property offers Multi-Tenant commercial space.
Yes, availabilities here may be suitable for small businesses with 6 office spaces under 5,000 square feet available. Space sizes here start at 313 square feet.
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