WaterPlace

500 Liberty Street SE, Suite 400, Salem, OR 97301

Property Information

  • For Lease $35.40/SF/YR
  • Property Type Office - General Office
  • Property Size 41,400 SF
  • Lot Size 0.55 Acre
  • Parking Spaces Avail. 120
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified
  • Building Class A
  • Year Built 2010
  • Date Updated May 13, 2026

Description

Welcome to WaterPlace, Salem and the Willamette Valley’s finest and most distinctive office building. Featuring best-in-class design, finishes, functionality, amenities and location, it is truly in a class by itself, setting the benchmark standard by which all other professional office buildings in the market are compared. From its one-of-a-kind setting along the banks of beautiful Pringle Creek, tenants are treated to unmatched views of the surrounding natural habitat, downtown Salem, State Capitol, Civic Center, Salem Library and Riverfront Park and Amphitheater to the west. With a prime location at the southern edge of downtown Salem, WaterPlace tenants enjoy convenient walking-distance access to the best of downtown eateries, shopping and services. Salem Health-Hospital is a short 5-minute walk to the east, making the location ideal for medical service providers. The State Capitol and numerous government and judiciary buildings are all easily accessible. WaterPlace was the first, and as yet only, privately developed building in Salem to achieve LEED Platinum status for sustainability. Tenants benefit from increased energy efficiencies, large amounts of natural light, operable windows, higher indoor air quality, a shower facility and bike storage and a host of other sustainable building features and amenities. Additional tenant amenities include abundant free client parking, access to a roof-top patio, a creekside plaza and the new home of Cascadia Pizza Company restaurant. Now available: Suite 400, 5,099 SF of medical or professional office space, located on the 4th floor Canopy level.With a spectacular 4th Floor Canopy Level location, enjoying 360-degree views and directly over Pringle Creek, Suite 400 is a beautifully finished, turn-key medical office space. Featuring 10’ ceilings, incredible views, fresh air, abundant natural light and privacy. The suite is outfitted with a spacious waiting area, a large, multi-station reception, seven (7) exam/treatment rooms, six (6) private offices, large kitchen/break room, two (2) storage rooms and one (1) private (in suite) restroom. Suitable for most medical practitioners or conversion to a non-medical professional office.

Highlights

  • Conversion to non-medical professional office use and demising would be considered, subject to acceptable negotiable terms.
  • Large private offices and exam/treatment rooms provide for maximum flexibility of uses and needs.
  • Tastefully finished and thoughtfully designed throughout, Suite 400 features a turn-key ready opportunity for a medical practice – a rare opportunity in the marketplace.
  • With offices and exam spaces encompassing all four building elevations, the space enjoys truly exceptional views, natural lighting, fresh air and a professional ambiance that is unrivaled in the local office market.

5 Spaces Available

400

Space Type

General Office

Lease Rate

$35.40/SF/YR

Total Space

5,099 SF

Floor

4

Divisible Space

5,099 - 5,099 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

Yes

With a spectacular 4th Floor Canopy Level location, enjoying 360-degree views and directly over Pringle Creek, Suite 400 is a beautifully finished, turn-key medical office space. Featuring 10’ ceilings, incredible views, fresh air, abundant natural light and privacy. The suite is outfitted with a spacious waiting area, a large, multi-station reception, seven (7) exam/treatment rooms, six (6) private offices, large kitchen/break room, two (2) storage rooms and one (1) private (in suite) restroom. Suitable for most medical practitioners or conversion to a non-medical professional office.

400

Space Type

General Office

Lease Rate

$35.40/SF/YR

Total Space

3,337 SF

Floor

4

Divisible Space

3,337 - 3,337 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Optional demise plan to allow for 3,337 RSF with 7 private offices, two (2) spacious waiting areas, break room and large reception area.

400

Space Type

General Office

Lease Rate

$35.40/SF/YR

Total Space

2,829 SF

Floor

4

Divisible Space

2,829 - 2,829 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Optional demise plan to allow for 2,829 RSF with 6 private offices, two (2) spacious waiting areas, break room and large reception area.

420

Space Type

General Office

Lease Rate

$35.40/SF/YR

Total Space

2,094 SF

Floor

4

Divisible Space

2,094 - 2,094 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Optional demise plan to allow for 2,094 RSF with 6 private offices, storage room and private bathroom.

420

Space Type

General Office

Lease Rate

$35.40/SF/YR

Total Space

1,586 SF

Floor

4

Divisible Space

1,586 - 1,586 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Optional demise plan to allow for 1,586 RSF with 5 private offices, storage room and private bathroom.

Contacts

Peter Braunworth

Coho Commercial

Location

Located at 500 Liberty Street SE, Suite 400, Salem, OR 97301, this property is part of the Central Salem neighborhood and Eugene market.

Contact Listing Broker
Peter Braunworth

Coho Commercial

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