Lease, Sale or Joint Venture

217 State St Salem, OR 97301

217 State St  , Salem, OR, 97301
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FOR SALE
Property Type:
Street Retail
Amount:
$1,895,000
Last Verified:
Feb 07, 2025

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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.


Year Built: 1912
Building Size: 25126sq ft
Lot Size: 0.31 acres


Documents

Offering Memorandum (Sale - L)

Map of 217 State St , 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."

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