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Lease, Sale or Joint Venture

$1,895,000

217 State St, Salem, OR 97301

Active
Last Updated: 02/07/2025

25,126 sqft

Building Size

0.31 acres

Lot Area

Details:
Building Size:    25,126 sqft
Lot Area:    0.31 acres
Year Built:    1912
Floors:    2
Highlights:
  • 217 State Street
  • 13,270 SF
  • High Visibility Location
  • Signaled Intersection
  • CB Zoned Property
  • Up to $699,000 in Urban Renewal Grant Funds
  • 20% Historic Tax Credit
  • Qualified Opportunity Zone (QOZ)
  • Across from Riverfront Park
  • Private Upper Level Parking Garage
Description:

The Historic Furlong Building is Now Available sale or a joint venture. An exciting downtown Salem location perfectly positioned on the signaled intersection of a CB - Central Business District zoned area of high visibility and high traffic counts. Directly overlooking the 26 acre Riverfront Park, the Salem Carousel and the new amphitheater, presenting a unique opportunity to tap into a thriving commercial hub, capturing exposure to local families and events at the park. This location comes with 13,270 SF with a parking garage on the second floor. Don't miss the chance to establish yourself in this sought-after retail center.

217 State Street. Directly across from the Riverfront park on the corner of State and Front Street in Salem. One block west of Commercial.

Map:
Documents:
Title
Offering_Memorandum__Sale_-_L_.pdf
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Offering_Memorandum__Sale_-_L_.pdf
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Location
Gallery