Capitol Center

388 State Street, Salem, OR 97301

Property Information

  • For Lease $450.00 - $7,950.00/MO
  • 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 May 4, 2026

Description

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.

8 Spaces Available

#350

Space Type

Office

Lease Rate

$2,164.00/MO

Total Space

845 SF

Floor

3

Divisible Space

845 - 845 SF

Available Date

Jun 1, 2026

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Nice, larger single office space with storage closet. Suitable for 

small professional office group.

#470

Space Type

General Office

Lease Rate

$1,115.00/MO

Total Space

530 SF

Floor

4

Divisible Space

530 - 530 SF

Available Date

Jun 1, 2026

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Nice larger, three-suite office space. Suitable for professional 

office group

#704

Space Type

General Office

Lease Rate

$480.00/MO

Total Space

163 SF

Floor

7

Divisible Space

163 - 163 SF

Available Date

Jun 1, 2026

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Solopreneur office suitable for professional office user.

#706

Space Type

Office

Lease Rate

$450.00/MO

Total Space

163 SF

Floor

7

Divisible Space

163 - 163 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Solopreneur office suitable for professional office user

#810

Space Type

Office

Lease Rate

$560.00/MO

Total Space

252 SF

Floor

8

Divisible Space

252 - 496 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Nice, larger single office space with. Suitable for 1-2 people. Can be 

combined with suite 820 to make a double office suite.

Contacts

Jennifer Martin

First Commercial Real Estate

Ruth Dana

First Commercial Real Estate

Location

Located at 388 State Street, Salem, OR 97301, this property is part of the Central Salem neighborhood and Eugene market.

Contact Capitol Center
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