1515-1535 Liberty St SE - Medical FOR SALE


Salem, OR 97302- South Central
$1,521,000 USD
503-588-4146
1515-1535 Liberty St SE, Salem, OR for Sale
$1,521,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

1515-1535 Liberty St SE
Salem, OR 97302
South Central


HIGHLIGHTS

  • ?8,708 SF total building, two stories, Class B
  • ?Built 1972; 0.56-acre lot (24,394 SF)
  • ?26 on-site parking spaces
  • ?Configured as a 3,923 SF medical suite and a 4,785 SF professional office suite
  • ?Minutes from Salem Hospital; on Salem's Cherriots transit line
  • ?High-visibility Liberty St corridor location, just south of Downtown Sale

OVERVIEW

A well-located medical and professional office investment on Salem's established Liberty Street corridor, just south of Downtown Salem and minutes from Salem Hospital.? The property spans approximately 8,708 SF across two levels (Class B, built 1972) on a 0.56-acre lot, with 26 on-site parking spaces — a strong ratio for medical and professional office tenancy in this submarket.? The building's main floor has historically been configured as two suites — a medical suite of roughly 3,923 SF and a professional office suite of roughly 4,785 SF — offering flexibility for a single-tenant user, a split-lease investment, or repositioning to maximize medical-use demand along this corridor.? The property benefits from proximity to Salem Health and other medical offices, strong traffic counts, direct access to Salem's Cherriots transit line, and central connectivity to downtown Salem, I-5, and West Salem — all factors that support durable tenant demand in this location.? Positioned along Salem's sought-after Liberty Street corridor, this property sits just south of Downtown Salem's Central Business District and only minutes from Salem Hospital — a location that's long made it a preferred address for medical and professional office users.? The building shares its footprint with established tenants, including a LabCorp lab location, adding built-in foot traffic and name recognition to the address.? The corridor benefits from strong daily traffic counts and excellent visibility, along with a stop directly on Salem's Cherriots transit line, making the location convenient for both driving and public transit access.? Its central position offers straightforward connectivity to downtown Salem, I-5, and West Salem, putting tenants and their clients within easy reach of the wider Salem area.? An ample on-site parking lot rounds out the practical appeal for a high-visitor-volume medical or professional office use.?

FOR SALE DETAILS

PRICE

$1,521,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1515 - 1535 Liberty St SE

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

CO

APN/PARCEL ID

579555

ASK ABOUT THIS PROPERTY

Curt Arthur, SIORCapacity Commercial Group LLCMore Info
503-588-4146

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Curt Arthur, SIORCapacity Commercial Group LLCMore Info
503-588-4146

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