Lease, Sale, Joint Venture

217 State St & 140 Front St, Salem, OR 97301

  • For Sale $2,495,000
  • Property Type Retail - Street Retail
  • Property Size 25,126 SF
  • Lot Size 0.31 Acre
  • Additional Rent Contact for pricing
  • Year Built 1912
  • Date Updated Aug 27, 2024
217 State Street, combined with 140 Front Street. Directly across from the Riverfront park on the corner of State and Front Street in Salem. One block west of Commercial.The Historic Furlong Building is Now Available for lease, sale or a joint venture. An exciting downtown Salem location perfectly positioned on the signaled intersection of a CB - Central Business District zoned area of high visibility and high traffic counts. Directly overlooking the 26 acre Riverfront Park, the Salem Carousel and the new amphitheater, presenting a unique opportunity to tap into a thriving commercial hub, capturing exposure to local families and events at the park. This lot contains two buildings, a single and double story building with a total of 25,126 SF with a parking garage on the second floor. Don't miss the chance to establish yourself in this sought-after retail center.The Historic Furlong Building is Now Available for Lease, Sale or a Joint Venture. An exciting downtown Salem location perfectly positioned on the signaled intersection of a CB - Central Business District zoned area of high visibility and high traffic counts. Directly across the street from the Riverfront Park, the Salem Carousel and the new amphitheater, presenting a unique opportunity to tap into a thriving commercial hub, capturing exposure to local families and events at the park. This lot contains two buildings, a single and double story building with a total of 25,126 SF with a parking garage on the second floor. Don't miss the change to establish yourself in this sought-after retail center.

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Highlights

  • 217 State & 140 Front - $2,495,000
  • Lease Rate Negotiable
  • Two Buildings with 25,126 SF
  • High Visibility Location
  • Signaled Intersection
  • CB Zoned Property
  • Up to $699,000 in Urban Renewal Grant Funds
  • 20% Historic Tax Credit
  • Qualified Opportunity Zone (QOZ)
  • Across from Riverfront Park
  • Private Upper Level Parking Garage

Contacts

broker

Alvin J. Nash

Tradition Real Estate Partners

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable
  • Transit Score ®

    60/100 Good Transit
  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem Amtrak Station

    0.89 miles

  • Blink

    0.14 miles

  • Blink

    0.16 miles

  • Blink

    0.38 miles

  • Blink

    0.42 miles

  • Arco Gas Station

    0.56 miles

  • Circle K

    0.62 miles

  • Pacific Pride

    0.63 miles

  • SemaConnect

    0.80 miles

  • ChargePoint

    0.82 miles

  • Chevron

    0.83 miles

  • Riverfront Park (South Lot)

    0.10 miles

  • Liberty Square Parkade

    0.16 miles

  • Riverfront Park (North Lot)

    0.16 miles

  • Chemeketa Parkade

    0.18 miles

  • Marion Parkade

    0.39 miles

  • Salem Library Parkade

    0.46 miles

  • Reserved Lot A

    0.48 miles

  • Permit Parking

    0.54 miles

  • Visitor Parking

    0.60 miles

  • Green Lot - Dept of Admin Services

    0.64 miles

  • Busick Court Restaurant

    0.06 miles

  • Old Spaghetti Warehouse

    0.10 miles

  • Chira's

    0.13 miles

  • BelgiQue Sugar Waffles

    0.13 miles

  • Wild Pear

    0.14 miles

  • Court Street Dairy Lunch

    0.14 miles

  • W. Wallace

    0.14 miles

  • Macedonia Greek Restaurant

    0.14 miles

  • Brown's Towne Lounge

    0.14 miles

  • Bigwig Donuts

    0.14 miles

  • JCPenney

    0.22 miles

  • Ross

    0.30 miles

  • TJ Maxx

    0.31 miles

  • Salem Center Mall

    0.33 miles

  • Kohl's

    0.36 miles

  • Macy's

    0.39 miles

  • Grocery Outlet

    0.64 miles

  • Roth's West Salem

    0.78 miles

  • Safeway

    1.06 miles

  • LifeSource Natural Foods

    1.78 miles

Frequently Asked Questions

How much does Lease, Sale, Joint Venture cost?

The space currently listed for sale at Lease, Sale, Joint Venture asks for $2,495,000.

What is the total square footage of Lease, Sale, Joint Venture?

Lease, Sale, Joint Venture totals 25,126 square feet.

When was this property built?

Lease, Sale, Joint Venture was built in 1912.

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Contact Listing Broker

broker

Alvin J. Nash

Tradition Real Estate Partners