For Lease
$24/SF/YR

475 Cottage St Salem, OR 97301

Downtown Office, 5,266 sq ft available

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A commercial property, Center Point, presents a unique opportunity for businesses seeking prime downtown office space. Located at the corner of Cottage and Marion, this two-story building boasts 23,202 square feet, with 5,266 square feet currently vacant and immediately available for lease. Built in 1960 and extensively renovated in 2019, the building features a shared, beautifully appointed lobby. The available space is located on the main level and offers the flexibility to create a customized layout, accommodating a variety of needs, from executive offices and open work areas to conference rooms and a reception area. The property sits on 0.85 acres and is zoned CB (central business district), providing convenient access to the vibrant downtown area. Ample on-street parking is available, supplemented by a private parking lot for employees and clients. The building includes an elevator for easy access to both floors. Lease rates are negotiable and will be considered based on tenant creditworthiness and lease term length. Tenant improvement allowances may be available. This is an ideal location for businesses seeking a prestigious address and convenient access to downtown amenities.

Highlights

  • Class A, 23,202 SF multi-tenant retail and office building.
  • 5,266 SF of vacant contiguous space available on the main level.
  • Located in the Central Business District, offering excellent downtown visibility.
  • Building features a shared lobby, on-street parking, and a private parking lot.
  • Built in 1960, extensively renovated in 2019; includes elevators.

Property Details for 475 Cottage St

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
23,202 SF
Class
A
Year Built/Renovated
1960/2019
Buildings
1
Stories
2

Unit(s) available at that property

Space
Available Space
Size
5,266 SF
Rate per SF
$24

Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.942858634307
Longitude
-123.03193742756

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FAQs

What type of property is this?
Retail property - Downtown Office, 5,266 sq ft available
Where is the retail property located?
The property is located at 475 Cottage St Salem, OR.
What is the lease rate?
The lease rate is $24/SF/YR.
What are key features of this property?
This property features: Class A, 23,202 SF multi-tenant retail and office building.; 5,266 SF of vacant contiguous space available on the main level.; Located in the Central Business District, offering excellent downtown visibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Property Records

Contacts

Jennifer Martin
Jennifer Martin
Tanner Morgan
Tanner Morgan
Visit Broker Website

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Useful Information

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Cottage St
Salem, OR 97301

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Cottage St
Salem, OR 97301

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

475 Cottage St
  • Jennifer Martin
    Jennifer Martin
  • Tanner Morgan
    Tanner Morgan
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