This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

946 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Center Point 475 Cottage St NE

23,202 SF 77% Leased Office Building Salem, OR 97301 $4,395,000 ($189.42/SF)

Office Space Oregon Salem 475 Cottage St NE, Salem, OR 97301

INVESTMENT HIGHLIGHTS

  • Fantastic dedicated off-street parking lot
  • Owner-occupied opportunity

EXECUTIVE SUMMARY

Unique opportunity to acquire an office building for a user seeking approximately 5,300 SF for owner-occupancy. This two-story, urban office building with off-street parking has additional tenants providing income in support of the asking price. The estimated stabilized value of the building is $5,000,000 once the vacant space is filled with a tenant paying market rents. The asking price of $4,395,000 leaves over $600,000 of consideration for a buyer to carry the asset while sourcing a tenant or having cushion to complete a remodel of the space to suit the specifications of the user.

ATTACHMENTS

Center Point- Sale:Lease

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,202 SF
Building Class
B
Year Built
1960
Price
$4,395,000
Price Per SF
$189.42
Percent Leased
77%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,601 SF
Slab To Slab
10’
Building FAR
0.61
Lot Size
0.88 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CBD
Parking
74 Spaces (3.19 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 101 & 110
  • 5,266 SF
  • Office
  • Full Build-Out
  • Now
475 Cottage St NE, Salem, OR for sale Floor Plan- Image 1 of 1
Floor Plan

This main level professional office space with potential for a mix of executive offices, open work area, conference rooms, reception/waiting area, etc. Experience the benefits of being centrally located in the downtown business district with lots of on-street parking as well as a private parking lot for employees and clients. The asking lease rate doesn’t not consider amortization of any tenant-specific improvements over a market TI allowance. Any negotiated landlord incentives will be based on tenant’s credit quality and length of initial lease term.

Space Size Space Use Condition Available
1st Fl-Ste 101 & 110 5,266 SF Office Full Build-Out Now

1st Fl-Ste 101 & 110

Size
5,266 SF
Space Use
Office
Condition
Full Build-Out
Available
Now
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
475 Cottage St NE, Salem, OR for sale Floor Plan- Image 1 of 1
Sample Floor Plan

1st Fl-Ste 101 & 110

475 Cottage St NE, Salem, OR for sale Floor Plan- Image 1 of 1
Floor Plan
Size 5,266 SF
Space Use Office
Condition Full Build-Out
Available Now

This main level professional office space with potential for a mix of executive offices, open work area, conference rooms, reception/waiting area, etc. Experience the benefits of being centrally located in the downtown business district with lots of on-street parking as well as a private parking lot for employees and clients. The asking lease rate doesn’t not consider amortization of any tenant-specific improvements over a market TI allowance. Any negotiated landlord incentives will be based on tenant’s credit quality and length of initial lease term.

1 of 1
475 Cottage St NE, Salem, OR - FLOOR PLAN - Image 1
475 Cottage St NE, Salem, OR - FLOOR PLAN - Image 2
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 589453
  • 589454
 Improvements Assessment $0
Land Assessment $0 Total Assessment $2,554,110

PROPERTY TAXES

Parcel Numbers
Multiple
  • 589453
  • 589454
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,554,110
(503) 364-7400

CONTACTS

  • Listing ID: 32045319

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 475 Cottage St NE, Salem, OR 97301

More public record information on 475 Cottage St NE, Salem, OR 97301

The Downtown Salem Office Property at 475 Cottage St NE, Salem, OR 97301 is currently available. Contact First Commercial Real Estate for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/7
475 Cottage St NE, Salem, OR for sale Building Photo- Image 1 of 7
Building Photo
475 Cottage St NE, Salem, OR for sale Building Photo- Image 2 of 7
Building Photo
475 Cottage St NE, Salem, OR for sale Building Photo- Image 3 of 7
Building Photo
475 Cottage St NE, Salem, OR for sale Building Photo- Image 4 of 7
Building Photo
475 Cottage St NE, Salem, OR for sale Floor Plan- Image 5 of 7
FIRST FLOOR EXISTING-CENTERPOINT
475 Cottage St NE, Salem, OR for sale Floor Plan- Image 6 of 7
SECOND FLOOR EXISTING- Centerpoint

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Center Point | 475 Cottage St NE
(503) 364-7400 x

Center Point | 475 Cottage St NE

1/2

Jennifer Martin

(503) 364-7400

(503) 364-7400

Tanner Morgan

(503) 364-7400

(503) 364-7400

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link