1515 - 1535 Liberty St SE

Highlights:

• For Sale/Lease - Qualifies for SBA financing with 10% down
• Built in 1972 and updated in the last 20 years
• 26 on-site parking spaces
• 3,923 SF available for an owner/occupant

Description:

A well-located medical and professional office investment on Salem's established Liberty Street corridor, just south of Downtown Salem and 1 mile from Salem Hospital. The property spans approximately 8,708 SF across two levels (Class B, built 1972) on a 0.56-acre lot, with 26 on-site parking spaces — a strong ratio for medical and professional office tenancy in this submarket.

Building is for sale/lease. Currently two side by side suites of 1,873 and 2,050 SF are available and are adjoined. The third suite of 3,500 SF is leased through 10/2029 with very strong rent and escalations.

Positioned along Salem's sought-after Liberty Street corridor, this property sits just south of Downtown Salem's Central Business District and only minutes from Salem Hospital — a location that's long made it a preferred address for medical and professional office users. The building shares its footprint with established tenants, including a LabCorp lab location, adding built-in foot traffic and name recognition to the address.
The corridor benefits from strong daily traffic counts and excellent visibility, along with a stop directly on Salem's Cherriots transit line, making the location convenient for both driving and public transit access. Its central position offers straightforward connectivity to downtown Salem, I-5, and West Salem, putting tenants and their clients within easy reach of the wider Salem area. An ample on-site parking lot rounds out the practical appeal for a high-visitor-volume medical or professional office use.

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