The Offering presents a rare opportunity to acquire a mixed-use office building in the heart of Downtown Salem at a PPSF seen more commonly for buildings with substantial vacancy. Built in 1912, the four-story asset features ground floor retail and upper-level office suites with flexible layouts ideal for small-format users. The Premises includes a 10,000 SF basement that may be recaptured and modified, providing additional upside for new ownership. Currently 72% occupied at low rental rates, the Property offers meaningful upside through lease-up in a submarket where office vacancy is below 5%. Positioned at a signalized intersection with frontage on both State Street and High Street, the building benefits from strong visibility and walkable access to surrounding restaurants and amenities. Average suite sizes of approximately 1,000 SF align with evolving tenant demand for efficient layouts. Ample nearby parking includes three-hour street parking and access to multiple public garages within walking distance, supporting both tenant and visitor convenience.