Located at 501 Marion Street NE in downtown Salem, the former Cinebarre Theatre property offers a unique investment and redevelopment opportunity in Oregon’s capital city. This 37,152-square-foot building sits on a one-acre parcel within the Salem Center district, providing unmatched visibility and scale in a prime urban setting. Previously operated as a luxury dine-in cinema, the property includes an adaptable layout of seven auditoriums, expansive lobby space, commercial kitchen infrastructure, and bar areas, all of which support multiple commercial uses. With its strong existing utility capacity and flexible configuration, the asset is ideal for creative reuse or multi-tenant strategies across sectors such as entertainment, fitness, hospitality, office, or mixed-use development. Positioned near the Oregon State Capitol, Riverfront Park, and major transportation corridors, Salem Theatre combines exceptional access with proximity to government, business, and cultural hubs, making it a compelling choice for investors seeking long-term value.