Map of Property

Prime Downtown Retail Location

240 Commercial St NE, Salem, OR 97301

  • For Lease $0.95 - $1.25/SF/MO
  • Property Type Retail - Street Retail
  • Property Size 6,797 SF
  • Lot Size 0.12 Acre
  • Year Built 1889
  • Date Updated Mar 26, 2024
Located on Commercial Street NE, one block south of Court Street in Salem.Prime downtown retail space available for Sale and Lease. 240 Commercial Street is 6,797 SF of prime retail space, sitting on 0.12 acres of CB Zoned property. Located on busy Commercial St in NE Salem, one block south of Court street. This location boasts high traffic and visibility, within walking distance to the Riverfront park, restaurants and retailers. This retail building includes two floors, 3,850 SF on the first floor and 2,947 SF on the second floor. Highly sought after private parking located in the back, with plentiful street and parkade parking. Contact Listing Broker for additional information.Prime downtown retail space available for lease. 240 Commercial Street is 6,550 SF of prime retail space, sitting on 0.12 acres of CB Zoned property. Located on busy Commercial St in NE Salem, one block south of Court street. This location boasts high traffic and visibility, within walking distance to the Riverfront park, restaurants and retailers. This 6,550 retail building includes two floors, 3,850 SF on the first floor and 2,947 SF on the second floor. Highly sought after private parking located in the back, with plentiful street and parkade parking within walking distance. Contact Listing Broker for additional information.

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Highlights

  • High Visibility Location Downtown
  • 6,550 SF Building
  • 3,850 SF - First Floor
  • $1.25/SF/NNN
  • 2,947 SF - Second Floor
  • $0.95/SF/NNN
  • 0.12 Acres of CB Zoned Property
  • Private and Public Parking
  • Near Riverfront Park
  • Restaurants & Retailers Nearby

Spaces Available

Contacts

broker

Alvin J. Nash

Tradition Real Estate Partners

(503) 559-9279

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    61/100 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

    0.85 miles

  • Blink

    0.15 miles

  • Blink

    0.19 miles

  • Blink

    0.23 miles

  • Blink

    0.25 miles

  • Arco Gas Station

    0.66 miles

  • Circle K

    0.68 miles

  • Pacific Pride

    0.69 miles

  • SemaConnect

    0.70 miles

  • ChargePoint

    0.72 miles

  • SemaConnect

    0.73 miles

  • Chemeketa Parkade

    0.05 miles

  • Riverfront Park (North Lot)

    0.17 miles

  • Liberty Square Parkade

    0.18 miles

  • Riverfront Park (South Lot)

    0.24 miles

  • Marion Parkade

    0.26 miles

  • Reserved Lot A

    0.45 miles

  • Permit Parking

    0.49 miles

  • Green Lot - Dept of Admin Services

    0.51 miles

  • Salem Library Parkade

    0.54 miles

  • Visitor Parking

    0.58 miles

  • Court Street Dairy Lunch

    0.03 miles

  • India Palace

    0.04 miles

  • Straight From New York Pizza

    0.04 miles

  • Macedonia Greek Restaurant

    0.06 miles

  • Chira's

    0.06 miles

  • Brown's Towne Lounge

    0.06 miles

  • 503 Sushi Bar

    0.06 miles

  • BelgiQue Sugar Waffles

    0.07 miles

  • Thai Orchid Restaurant

    0.07 miles

  • Busick Court Restaurant

    0.08 miles

  • JCPenney

    0.08 miles

  • Salem Center Mall

    0.13 miles

  • Ross

    0.16 miles

  • TJ Maxx

    0.19 miles

  • Kohl's

    0.22 miles

  • Macy's

    0.25 miles

  • Grocery Outlet

    0.54 miles

  • Safeway

    0.73 miles

  • Roth's West Salem

    0.80 miles

  • Safeway

    1.19 miles

Frequently Asked Questions

How much does retail space at 240 Commercial St NE cost?

The asking price for retail space at 240 Commercial St NE is $1.10/SF/MO. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 240 Commercial St NE?

The property has 6,797 square feet of rentable Retail space. Rental opportunities here are available under NNN lease terms.

Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 240 Commercial St NE?

Reach out to the listing broker for more information on vehicle access and parking options at or near this property, as well as additional amenities that complement the retail experience at 240 Commercial St NE. You can find 7 parking option(s) and 4 fuel station(s) within a 0.5-mile radius.

Are there any potentially competing retail businesses in the area?

Yes, there are 5 spaces zoned for retail use within a 0.5-mile radius of 240 Commercial St NE.

Is 240 Commercial St NE located in a popular area for retail businesses?

The property is part of Central Salem, which is home to 72 other retail listings.

Other popular areas for retail businesses in Eugene include Central Salem, South Central Salem, South Gateway.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Alvin J. Nash

Tradition Real Estate Partners

(503) 559-9279

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