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305 - 321 Court Street NE

$2,800,000

305 - 321 Court Street NE, Salem, OR 97301

Active
Last Updated: 09/21/2026

17,625 sqft

Building Size

0.14 acres

Lot Area

Details:
Building Size:    17,625 sqft
Lot Area:    0.14 acres
Class:    B
Year Built:    1940
Floors:    2
Highlights:
  • 17,625 SF
  • 98% leased
  • Zoned CB
  • Sale price: $2,800,000
Description:

Prominent 17,625 SF two-story office building situated on 0.14 acre in the heart of downtown Salem. The property is 98% leased, offering strong occupancy and stable income, with the restaurant tenant committed to executing a new five year lease upon Closing. Offered at appraised value, the acquisition provides investors an opportunity to acquire a well-occupied downtown asset at a market-supported price.

Located in the heart of downtown Salem, this property offers a highly walkable location just minutes from the Oregon State Capitol and surrounding State government offices. The property provides convenient access to major transportation routes, including Highway 22 and Interstate 5, connecting Salem to the broader Mid-Willamette Valley and Portland metro area. Its central location places tenants within easy reach of restaurants, retail, professional services, and government amenities.

Map:
2 Spaces Available

Suite 203B Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
120
Lease Rate:
$745/mo

Suite 211 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
250
Lease Rate:
$1,095/mo
Documents:
Title
Lease Brochure
View
Sale_Brochure.pdf
View
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Location
Gallery