1241 State St - Office FOR SALE


Salem, OR 97301- Downtown Salem
$17,500,000 USD
503-998-9817
1241 State St, Salem, OR for Sale
$17,500,000 USD
Office - FOR SALE
1/36
null | Request Cap Rate

1241 State St
Salem, OR 97301
Downtown Salem


OVERVIEW

Total Space: 77,414 SF across two buildings (45,900 SF in Robertson Building #1; 31,514 SF in Robertson Building #2) Immediate proximity to Willamette University & the State Capitol Building. Current Buildout: Move-in-ready office space with private offices, conference rooms, restrooms, lunch rooms, and storage Amenities: Professionally managed, abundant natural light, carpeted floors, and extensive window lines Availability: Immediate occupancy for vacant spaces; 3rd and 4th floors of Robertson Building #2 occupied by the State of Oregon Class B Rating: Completed in 1997, offering modern facilities with timeless appeal Lease Terms: Full Service Lease at $24.00/SF/month, inclusive of utilities and maintenance Zoning: Mixed Use-I (MU-I), supporting a variety of professional and commercial uses Ideal Tenants: Professional services, Educational Services (proximity to Willamette University) government contractors, and tech firms seeking a prestigious address Compliance: Development aligns with MU-I standards, including pedestrian-oriented design (e.g., 14-foot ground-floor height, weather protection) and no off-street parking requirements Community Engagement: Proximity to Salem Area Chamber of Commerce fosters networking

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Robertson Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

MU-1

APN/PARCEL ID

587778

ASK ABOUT THIS PROPERTY

Matthew BassistTradition Real Estate PartnersMore Info
503-998-9817

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Matthew BassistTradition Real Estate PartnersMore Info
503-998-9817

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.