Commercial Street Retail

960-990 Commercial St SE Salem, OR 97301

960-990 Commercial St SE, Salem, OR, 97301
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FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Mar 21, 2025

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Highlights

  • $1.25/SF/Mo/MG
  • ASK ABOUT 2 MONTHS FREE RENT!
  • $5,000 Tenant Improvement Allowance
  • 2,250 - 2,400 SF Available
  • High Visibility Location
  • Close to Downtown Salem
  • Private and Street Parking
  • CR Zoned Property

Description

Two Retail spaces available on highly visible location. ASK ABOUT 2 MONTHS FREE RENT! 970 & 980 Commercial are located on a busy commuter thoroughfare just south of Salem's Central Business District, 2 blocks from the Willamette River and Bush Pasture Park. With a mix of retailers and restaurants nearby, this location provides fantastic exposure to retail users looking to connect with 28,500 average daily commuters on Commercial St, and 29,000 daily commuters on Liberty St. 970 Commercial is 2,400 SF and 980 Commercial offers 2,250 SF, and spaces can be combined for additional SF needs. A Tenant improvement allowance of $5,000 per space is available. Private and street parking available. This location is close to downtown, with easy access to Highway 22 and a clear path to I-5 from Mission Street. Contact Listing Broker for showing instructions.

Located on a busy commuter thoroughfare street just South of Salem's Central Business District. 2 blocks from the Willamette River and Bush Pasture Park.


Year Built: 1950
Building Size: 18031sq ft
Lot Size: 1.38 acres


Documents

Lease Brochure

Units for Lease

970 Commercial - $3,000/Mo/MG
Space Available: 2400 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.25
980 Commercial - $2,816/Mo/MG
Space Available: 2253 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.25
970/980 Commercial - $5,813/SF/Mo/MG
Space Available: 4650 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.25

Map of 960-990 Commercial St SE, Salem, OR, 97301

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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