Retail Space - For Sale
305 Liberty Street Northeast Salem, OR 97301
Details & Description
Price: $4,700,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.880
  • Building Sq Ft 102,500
  • Building Price per Sq Ft $45.85
  • Land Sq Ft 38,332
  • Land Price per Sq Ft $122.61
DescriptionSince 1964 this building has been the home to JC Penney and being sold for the first time. The subject property is one of the most strategic locations in Salem because it is linked by sky bridges to both the Chemeketa Parkade parking structure for patrons and employees as well as to Salem Center and Liberty Plaza. The site is located in one of two Opportunity Zones in Salem making this a fantastic investment for a value-added development group. It also sits in the Riverfront Downtown Urban Renewal Area and redevelopment may be supported by various public grants and incentive funds. See's Candies leases 1050 SF of the ground floor. Inquire with listing broker for more details.HighlightsOne of the most important corners in SalemLinked by sky bridges to parking and other retail destinationsOpportunity Zone & Urban Renewal District location
Listing Agents
Curt Arthur

O: 503-588-4146
M: 503-559-7990
curt.arthur@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

305 Liberty Street Northeast

Salem, OR 97301

Listing ID: 200198
$4,700,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.880
  • Building Sq Ft 102,500
  • Building Price per Sq Ft $45.85
  • Land Sq Ft 38,332
  • Land Price per Sq Ft $122.61
305 Liberty Street Northeast Salem, OR 97301 | for Sale | Photo 1
Description

Description

Since 1964 this building has been the home to JC Penney and being sold for the first time. The subject property is one of the most strategic locations in Salem because it is linked by sky bridges to both the Chemeketa Parkade parking structure for patrons and employees as well as to Salem Center and Liberty Plaza. The site is located in one of two Opportunity Zones in Salem making this a fantastic investment for a value-added development group. It also sits in the Riverfront Downtown Urban Renewal Area and redevelopment may be supported by various public grants and incentive funds. See's Candies leases 1050 SF of the ground floor. Inquire with listing broker for more details.

Highlights

One of the most important corners in Salem

Linked by sky bridges to parking and other retail destinations

Opportunity Zone & Urban Renewal District location

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Salem History of Retail Space for Sale

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Salem Area Market Trends

Listing Demographics for 305 Liberty Street Northeast Salem, OR 97301

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,753100,458223,924
Population Median Age373737
Population by Age0-9 Yrs787 (7%)11881 (11%)29429 (13%)
10-19 Yrs1628 (15%)14403 (14%)31482 (14%)
20-29 Yrs2401 (22%)15610 (15%)33563 (14%)
30-39 Yrs1418 (13%)14250 (14%)31615 (14%)
40-49 Yrs1325 (12%)13242 (13%)26936 (12%)
50-59 Yrs1208 (11%)11420 (11%)25292 (11%)
60-69 Yrs1178 (10%)11193 (11%)24987 (11%)
70+ Yrs811 (7%)8458 (8%)20620 (9%)
Median HH Income$45,949$50,932$56,254
Total Household Income< 24K1255 (28%)8351 (22%)16025 (20%)
25-49K1062 (24%)9928 (26%)19767 (24%)
50-74K716 (16%)6776 (18%)16011 (20%)
75-99K534 (12%)4488 (12%)10780 (13%)
100-199K620 (14%)6404 (17%)14999 (18%)
200K+159 (3%)1180 (3%)2441 (3%)
Highest Education LevelNo Diploma623897121102
Diploma or GED14721598537102
Some College17381809139303
Assoc. Degree649545912313
Bachelors Degree14611079923150
Higher Degree869691113316
Total Housing Units4,72339,98485,259
--Owner-Occupied1,49517,38043,269
--Renter-Occupied2,85119,74736,753
Owner-Occupied Values< 100K647853473
100-199K640545611989
200-299K423662016846
300-399K23228826989
400-499K879602271
500K+496761702
Total Working Age Population9,29580,286175,739
In Work Force5,91549,879109,580
Not In Work Force3,38130,40766,159
Workforce Employed5,54946,504102,826
Workforce Unemployed3373,3186,672
Civlian Workforce5,88649,822109,498
Military Workforce285783
Total Households4,34637,12780,022
Family Households1,83121,72151,332
Non-Family Households2,51515,40628,690
Married Couple1,26415,03736,045
Other Family5676,68415,287
Married w/Child4176,21915,042
Single Male w/Child741,0552,109
Single Female w/Child2372,8196,292

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oregon3,421,399+123,831,074+114,264,810+114,727,438
Marion County284,834+11315,335+11350,125+11388,420
Polk County62,380+2175,403+1385,012+1698,501

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Portland International Airport (PDX) 50
Seattle Tacoma International Airport (SEA) 177
Boeing Field King County International Airport (BFI) 182
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