234 High St SE - Office FOR SALE


Salem, OR 97301- Downtown Salem
$3,329,000 USD
503-588-4146
234 High St SE, Salem, OR for Sale
$3,329,000 USD
Office - FOR SALE
1/4
null | 6.2% Cap Rate

234 High St SE
Salem, OR 97301
Downtown Salem


HIGHLIGHTS

  • 23,411 SF building
  • 65-car secure parking garage
  • Prime corner location: High St & Ferry St, Downtown Salem CBD
  • Two blocks from the Salem Convention Center
  • High-visibility, glass-fronted street presence

OVERVIEW

A rare opportunity to acquire an iconic downtown Salem office building at one of the city's most visible intersections — High St & Ferry St, in the heart of the Central Business District. The Kenneth A. Holmes Building offers roughly 23,411 SF of office space leased to multiple tenants, plus a 65-car private parking garage — a highly sought-after feature for downtown Salem tenants and a meaningful differentiator from comparable buildings in the area. With its striking glass curb appeal, secure gated parking, and prime corner location just two blocks from the Salem Convention Center, the property offers strong tenant appeal and long-term investment stability in a walkable, amenity-rich downtown setting. This is a well-positioned asset for investors seeking a multi-tenant office property with structured parking income potential in one of Salem's most established commercial districts.

FOR SALE DETAILS

PRICE

$3,329,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Kenneth A. Holmes Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

CBD

APN/PARCEL ID

589051

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.