Roth McGilcrest Building

120 Liberty Street Northeast Salem, OR 97301

120 Liberty Street Northeast, Salem, OR, 97301
120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301 120 Liberty Street Northeast, Salem, OR, 97301
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$8,250,000
Last Verified:
Sep 03, 2026

Daily Email Blast
0 times


Highlights


Description

The Roth McGilcrest Building offers investors a turnkey, income-producing mixed-use asset in one of Salem's most sought-after addresses — combining the durability of ground-floor commercial leases with the premium rents and low turnover typical of boutique downtown residential units. Its historic character and adaptive-reuse renovation make it a standout, difficult-to-replicate asset in the downtown core.

Experience the perfect blend of historic architectural character and modern usability at 120 Liberty Street Northeast in Salem, OR. This prime downtown location is zoned CB (Central Business), offering a wide range of commercial use possibilities. With excellent walkability and close proximity to State Street, Liberty Street corridor shops, eateries, and the Oregon State Capitol, this property is ideal for businesses seeking a central and vibrant location. On-street and nearby public parking make it convenient for employees and visitors. Don't miss the opportunity to make this unique and versatile space your own.

Located in the heart of downtown Salem, The Roth McGilcrest Building offers a rare opportunity to lease space in a character-rich historic building just steps from the Capitol Mall, restaurants, and the Willamette River waterfront. Built in 1916, this two-story commercial building blends old-world charm with a functional, flexible layout — ideal for professional offices, nonprofits, and creative studios.

Building Size: 42205sq ft
Lot Size: 0.48 acres


Documents

Roth McGilcrest Building Sale-Lease Brochure

Units for Lease

447 State St
Space Available: 8050 SF
Lease Type: NNN

Price Per Sqft/Month: $1.80

Map of 120 Liberty Street Northeast, Salem, OR, 97301

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.