Downtown Theatre
$3,950,000
501 Marion St NE, Salem, OR 97301
37,152 sqft
Building Size
0.99 acres
Lot Area
Details:
Highlights:
- Approximately 37,152 SF Former Cinebarre Theater Building
- Rare Large-Scale Downtown Redevelopment Opportunity
- Prominent Downtown Presence with Strong Visibility and Frontage
- Flexible Building Layout with Seven Existing Auditoriums
- Existing Utility and Infrastructure with Commercial Kitchen, Bar, and Lobby In Place
- Ideal Opportunity for Adaptive Reuse or Redevelopment
- Salem Serves as the Economic Hub of the Mid-Willamette Valley
- Potential Uses Include Entertainment, Fitness, Retail, Educational, Hospitality, Event Venue, or Mixed-Use Concepts
- Near Salem Center, Oregon State Capitol, Riverfront Park, and Marion Street Bridge
- Convenient Access to Highway 22 and Interstate 5, Less than One Hour South of Portland
- Surrounded by Government Offices, Restaurants, Retailers, Hotels, and Multifamily Development
- Strong Regional Demographics Supported by Government, Healthcare, Agriculture, Manufacturing, and Education Sectors
Description:
Positioned in the heart of downtown Salem, the former Cinebarre theater presents a rare opportunity to acquire a high-profile commercial property with exceptional redevelopment and repositioning potential. The approximately 37,152 SF building occupies its own parcel within Salem Center and offers prominent frontage, strong visibility, and immediate access to the downtown core.
Formerly operated as a luxury dine-in movie theater, the property features seven auditoriums, expansive lobby areas, commercial kitchen infrastructure, bar areas, and existing utility capacity that may support a variety of future uses. The site is well suited for adaptive reuse including entertainment, mixed-use, fitness, retail, office, educational, event venue, hospitality, or experiential concepts.
Located within the Mid-Willamette Valley less than one hour south of Portland, the property benefits from Salem’s role as Oregon’s State Capital and regional hub for government, healthcare, education, agriculture, manufacturing, and distribution. The site is situated next to Salem Center, just blocks from the Oregon State Capitol, Marion Street Bridge, Riverfront Park, and numerous downtown amenities including restaurants, retail, hotels, and civic destinations.
Downtown Salem continues to experience renewed investment and redevelopment activity, creating momentum for new commercial concepts and urban activation. With its large footprint, strategic downtown location, dedicated parcel, and flexible layout, the former Cinebarre offers a unique opportunity for investors, owner-users, and developers seeking a signature property in Oregon’s capital city.
Located on the corner of Marion Street and High Street in downtown Salem.
Location
