Lease, Sale or Joint Venture

217 State St & 140 Front St Salem, OR 97301

217 State St & 140 Front St, Salem, OR, 97301
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FOR SALE
Property Type:
Street Retail
Amount:
$2,495,000
Last Verified:
Nov 14, 2024

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Highlights

  • 217 State & 140 Front - $2,495,000
  • Two Buildings with 25,126 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 lot contains two buildings, a single and double story building with a total of 25,126 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, combined with 140 Front 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 & 140 Front St, Salem, OR, 97301

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