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.
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.
The Roth McGilcrest Building occupies a highly visible 0.48-acre corner site at the intersection of State Street and Liberty Street NE, at 102–120 Liberty St NE, Salem, OR 97301. The site comprises two historically significant structures, originally constructed in 1916 and later conjoined into a single mixed-use building through a comprehensive renovation.