PGE - Yeater Building

249 -255 Liberty Street Southeast, Salem, OR 97301

Property Information

  • For Sale $8,226,000
  • Property Type Retail - Street Retail
  • Property Size 34,659 SF
  • Lot Size 0.15 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1927
  • Year Renovated 2006
  • Date Updated Sep 3, 2026

Description

In the heart of downtown Salem. Next door to the fully redeveloped The Forge building. Chemeketa Parkade is a block away for employee parking.Side by Side iconic mixed-use buildings in downtown Salem fully remodeled in 2006. Rent roll features one of Salem's finest restaurants, The Cozy Taberna, as well as a mix of office, residential, and other retail tenants. Lots of exposed concrete walls with Salem's own Electric Alley directly behind the building and next door to The Forge, a full renovated 4-story commercial building featuring Clink! restaurant, Jade Dumpling & Noodle House, Anthem Strategies, and many more.From small spaces to over 4,000 SF of street front retail, these side by side buildings have a number of inexpensive leasing options in the heart of downtown Salem. Basement options have plumbing so could work for a prep kitchen, light manufacturing, assembly, office incubator, or young church. The ground floor was formerly a very nice beauty school with tons of plumbing so the options are endless, including restaurant.

Highlights

  • 1917/1920 - Listed with National Historic District
  • 2006 Full Remodel
  • On Salem's "Electric Alley"

Contacts

Location

Located at 249 -255 Liberty Street Southeast, Salem, OR 97301, this property is part of the Central Salem neighborhood and Eugene market.

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