299 D St NE - Supermarket FOR SALE


Salem, OR 97301- Downtown Salem
$4,750,000 USD
503-931-3521
299 D St NE, Salem, OR for Sale
$4,750,000 USD
Supermarket - FOR SALE
1/7
null | Request Cap Rate

299 D St NE
Salem, OR 97301
Downtown Salem


HIGHLIGHTS

  • Clear-span design with exposed glue-lam timbers
  • Membrane roof (2014)
  • Two 25-ton rooftop HVAC units (2014)
  • Full loading dock with truck turnaround and direct access from Commercial Street
  • Upgraded electrical service
  • Fire suppression system

OVERVIEW

This 23,218 SF street-level space is available for lease now with occupancy beginning March 2026. The building sits on a 2 acre site and features a clear-span layout, full loading dock and ample truck turnaround space, making it highly functional for a wide range of commercial uses. Zoned Central Business District (CBD), the property offers the flexibility to house retail, grocery, entertainment, fitness or other community-serving concepts. The building is currently occupied by Grocery Outlet who will be vacating on 02.28.2026, opening the door for a new business to take root at this prominent and highly accessible property within Salem’s Downtown Riverfront Urban Renewal area. D Street Storage is a 21,267 SF self-storage facility located beneath 299 D Street NE in North Downtown Salem. Built in 2020, the property is fully stabilized and professionally managed by an in-place third-party operator. Tenants enjoy 24-hour access, secure infrastructure, and direct truck access with turnaround from Commercial Street. The facility has shown strong performance in a tight-supply self-storage market, providing reliable built-in cash flow. As a complementary fiscal component to the overall asset, D Street Storage enhances income stability and long-term value for ownership.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

CB

APN/PARCEL ID

591638

ASK ABOUT THIS PROPERTY

Josh KayFirst Commercial Real EstateMore Info
503-931-3521

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Josh KayFirst Commercial Real EstateMore Info
503-931-3521

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