ICONIC SALEM OFFICE BUILDING
Multi-Tenant Tropy Office Building
100% Occupied • CBD Location
95% RSF Public Service Occupied
$10,500,000
Presenting one of Salem’s most iconic and beautifully renovated office buildings; ideally positioned in the heart of downtown, directly across from the Salem Convention Center & the Holman Hotel. Located just one block from the Willamette River, this property sits within the premier Central Salem Core Business District on one of the highest-trafficked corners in the city.
The building has undergone over $2 million in recent renovations, blending historic character with modern upgrades. It is anchored by A+ core, long-term tenants secured by strong, stable leases through 2032 with extension options—100% occupancy provides reliable income and investment security.
Additional highlights include excellent parking options, with convenient access to the adjacent parking structure via a connected land bridge, enhancing tenant and visitor accessibility. The building is also elevator served.
Offered at a 6.53% cap rate, this is a rare opportunity to acquire a landmark asset in one of Salem’s most desirable commercial locations.