Center Point

475 Cottage St NE, Salem, OR 97301

  • For Sale $5,350,000
  • Property Type Office - General Office
  • Lot Size 0.88 Acre
  • # of Floors 2
  • Parking Spaces Avail. 74
  • Year Built 1960
  • Date Updated Feb 20, 2024
  • Website www.cbcworldwide.com
Great downtown office building consisting of two floors that are elevator served. The total building consists of 20,327 SF, with five individual suites. There are two suites on the 1st floor which are vacant and ready for an owner user or new tenants. Suite 100 is leased to Wilhelm Legal and Suite 120 is leased to Bridges Oregon. The entire 2nd floor is leased to Grove, Mueller & Swank CPA - who desires to continue leasing long term. Property is comprised of two tax lots (APNs 589453 & 589454) with ample parking. Buyer/Tenant to be responsible for verifying occupancy with City of Salem. PROPERTY HIGHLIGHTS Great Downtown location 74 Parking Spaces First floor office suites available Current tenants lease 52% of the building Recently Remodeled 2nd Floor

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Highlights

  • General: Elevator
  • Age: Over 50 Years Old
  • Lot Size: 1/2 - 1 Acre
  • Sewer: City
  • Water: City Water
  • Located in downtown Salem on Cottage St between Center and Marion St. Within 3 blocks from Oregon State Capitol, Salem Center Mall, and IKE Box Cafe.

Contacts

broker

Alex Rhoten

Coldwell Banker Commercial Mountain West Real Estate

(503) 587-4777

Location

Getting Around

  • Walk Score ®

    90/100 Walker's Paradise
  • Transit Score ®

    60/100 Good Transit
  • Bike Score ®

    89/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem Amtrak Station

    0.75 miles

  • Blink

    0.24 miles

  • SemaConnect

    0.41 miles

  • SemaConnect

    0.43 miles

  • Blink

    0.43 miles

  • Blink

    0.46 miles

  • ChargePoint

    0.46 miles

  • Blink

    0.49 miles

  • Blink

    0.66 miles

  • Arco

    0.81 miles

  • Arco Gas Station

    0.89 miles

  • Green Lot - Dept of Admin Services

    0.17 miles

  • Marion Parkade

    0.21 miles

  • Chemeketa Parkade

    0.32 miles

  • Liberty Square Parkade

    0.43 miles

  • Reserved Lot A

    0.47 miles

  • Riverfront Park (North Lot)

    0.47 miles

  • Permit Parking

    0.50 miles

  • Riverfront Park (South Lot)

    0.57 miles

  • Visitor Parking

    0.57 miles

  • Emergency Parking

    0.72 miles

  • Grand Hotel

    0.47 miles

  • Howard Johnson by Wyndham Salem

    1.50 miles

  • Shilo Inn Hotel

    1.92 miles

  • Holiday Inn

    1.96 miles

  • Motel 6 Salem

    1.97 miles

  • Holiday Lodge Motel

    2.03 miles

  • DoubleTree

    2.06 miles

  • Capitol Inn & Suites

    2.21 miles

  • Hampton

    2.29 miles

  • Mill Creek Inn

    2.30 miles

  • La Margarita Express

    0.17 miles

  • Golden Crown

    0.26 miles

  • Thai Orchid Restaurant

    0.29 miles

  • The Kitchen on Court Street

    0.29 miles

  • Straight From New York Pizza

    0.31 miles

  • McDonald's

    0.31 miles

  • India Palace

    0.32 miles

  • Epilogue Kitchen

    0.33 miles

  • 503 Sushi Bar

    0.34 miles

  • Brown's Towne Lounge

    0.34 miles

  • Saint Joseph Catholic School

    0.11 miles

  • Art Department.

    0.35 miles

  • Academy of Hair Design

    0.36 miles

  • Collins Legal Center

    0.41 miles

  • Parish Middle School

    0.45 miles

  • North Salem High School

    0.46 miles

  • Atkinson Graduate School of Management

    0.47 miles

  • Willamette University

    0.51 miles

  • St. John School for Early Learners

    0.52 miles

  • Bilingual Gateway School

    0.58 miles

  • Little Friends Montessori School

    0.19 miles

  • Wallace Learning Center

    0.90 miles

  • East Salem Headstart (pre-school)

    3.02 miles

Frequently Asked Questions

What is the lease rate for Center Point?

Rental asking rate at Center Point is $2,675,000.00/YR.

What is the total square footage of Center Point?

Center Point totals 20 square feet.

When was this property built?

Center Point was built in 1960.

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Contact Listing Broker

broker

Alex Rhoten

Coldwell Banker Commercial Mountain West Real Estate

(503) 587-4777